Crypto
Open Standard Launches OUSD Stablecoin for Institutional Trading
Open Standard has launched its Open USD (OUSD) stablecoin, designed for banking services, cross-border payments, settlements, and institutional trading.
OUSD is available to businesses and developers via various integration tools, including BVNK, Stripe, and the Visa Stablecoin Platform.
The asset supports Base, Ethereum, Solana, and Tempo, with users able to mint and redeem tokens at a 1:1 rate to the US dollar without fees.
According to Open Standard, more than 200 financial institutions, fintech companies, banks, and other participants have joined the initiative, which will publish reserve reports monthly.