New stablecoin Open USD goes live as Coinbase, Mastercard, Stripe and Visa commit $1 billion to liquidity
- On Wednesday, Open Standard launched OUSD stablecoin across Ethereum, Solana, Base, and Tempo blockchains, with five founding partners—Coinbase, Mastercard, Shopify, Stripe, and Visa—committing more than $1 billion in liquidity.
- Open Standard differentiates its model by distributing equity and rewards to partners based on OUSD supply and usage, rather than concentrating ownership with a single issuer.
- Businesses can mint and burn OUSD at a 1:1 rate against the dollar with no fees. Privy co-founder Henri Stern said "OUSD offers businesses better economics than any other stablecoin."
- Entering a market worth more than $300 billion, OUSD competes with established stablecoins Tether and Circle, while its partner network has grown to more than 200 businesses.
- CEO Zach Abrams expects the founding group to expand to roughly 10 to 12 companies, aiming for OUSD rails to handle "hundreds of trillions of dollars a year" as stablecoins become core infrastructure.
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Open USD launches with over $1B in liquidity commitments
Open USD has launched on four blockchains with more than $1 billion in liquidity commitments from five founding partners, introducing a stablecoin model that ties company rewards and ownership to token supply and use. According to a report, Open Standard’s…
New stablecoin Open USD goes live as Coinbase, Mastercard, Stripe and Visa commit $1 billion to liquidity
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.
Stripe, Visa-Backed Consortium Launches Dollar Stablecoin
Open Standard, a company backed by more than 100 corporations, including Visa Inc., Stripe Inc., and Mastercard Inc., issued a US dollar-pegged stablecoin on Wednesday, marking one of the more ambitious efforts to bring the novel form of digital money into wider use.
Open Standard launched OUSD, a stablecoin designed to operate in Ethereum, Solana, Base and Tempo. The project offers integrations for companies and developers, conversion 1:1 to the dollar at no cost and reserves under the custody of BlackRock, Lead Bank and BNY.
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