Mastercard Plugs Open USD Stablecoin into BVNK Platform for Seamless Cross-Border Transactions
Mastercard is integrating its Open USD stablecoin into the BVNK platform, marking one of the clearest signs yet of a broader Mastercard stablecoin integration strategy taking shape across its payments network.
The plan gives banks and businesses a way to hold, move, and settle digital dollars through rails they already use for everyday fiat transactions, rather than treating crypto as a separate system.
Open USD launched on September 30 across four blockchains, Ethereum, Solana, Base, and Tempo, giving it a wide technical footprint from day one. The stablecoin is designed to trade 1:1 against the US dollar with no minting or redemption fees attached, lowering the cost barrier for businesses experimenting with digital-dollar settlement.
The project behind Open USD lists Coinbase, Mastercard, Shopify, Stripe, and Visa as its founding partners, which have committed more than $1 billion toward $OUSD liquidity. This effort aims to reduce the friction that businesses encounter while moving money between various currencies, banking rails, payment networks, and digital-asset systems.
Chief Product Officer Jorn Lambert framed the move around usability rather than invention, saying: “The challenge isn’t creating more forms of money. It’s helping businesses use them.”