New Stablecoin Open USD Goes Live as Coinbase, Mastercard, Stripe and Visa Commit $1 Billion to Liquidity

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.

Bridge Launches Open Standard Stablecoin OUSD

Bridge, the stablecoin infrastructure company acquired by Stripe, has announced the launch of OUSD, a new stablecoin it describes as built on an "Open Standard. Read more...

Stripe-Backed Bridge Launches OUSD Stablecoin for Businesses

OUSD supports 1:1 minting and redemption through Mastercard, Stripe and Visa platforms, with Coinbase support scheduled to begin Oct. 1.

Open Standard launches OUSD stablecoin backed by Coinbase, Stripe, Visa, and Mastercard

Open Standard launched OUSD across four chains with backing from Coinbase, Stripe, Visa and Mastercard and more than $1B committed to liquidity.