Open Standard's OUSD Stablecoin Launches with Shared-Economics Model
Open Standard's new stablecoin, OUSD, has officially launched, offering a shared-economics model that rewards network participants based on the volume they drive across the network. Unlike existing issuer models popularized by Circle and Tether, OUSD incentivizes partner engagement through its unique structure. The stablecoin has attracted major banks such as BNY, U.S. Bank, and Huntington Bank, who provided $1 billion of initial liquidity.
Mastercard's BVNK, Stripe, and the Visa Stablecoin Platform are among the founding partners of Open Standard, which also includes Coinbase as a partner. Companies can build on OUSD through these platforms, and Coinbase will begin supporting the stablecoin on October 1. According to Keybanc analysts, the success of OUSD could pressure existing issuer models, particularly Circle, which has an increasing emphasis on payments.
Zach Abrams, CEO of Open Standard, stated, 'Stablecoins should be better money. Today, they fall short. OUSD is built to change that.' The stablecoin's top use cases include settlement, institutional trading, corporate treasury, and fintech and neobank infrastructure.