Coinbase Enables OUSD Transfers Across Four Networks

Coinbase has enabled OUSD transfers across four networks: Base, Ethereum, Solana, and Tempo.

This feature is now live in supported regions, just 24 hours after OUSD's launch on September 30.

OUSD is a dollar-pegged token that wants to compete with Tether's USDT and Circle's USDC, and its founding partners, including Coinbase, Mastercard, Shopify, Stripe, and Visa, have committed over $1 billion in liquidity for the launch.

The consortium's strategy focuses on bringing in over 200 partner companies to expand usage across payment networks, positioning OUSD for cross-border payments and institutional trading.

For businesses, OUSD offers cost-effective solutions, with companies able to mint and redeem OUSD at a 1:1 ratio with the dollar, fee-free and with no volume limits.