Open USD Stablecoin Launches on Solana with Over $1 Billion in Liquidity
The Solana Foundation announced that Open USD (OUSD), a US-dollar stablecoin from Open Standard, is now live on the Solana network. The launch brings over $1 billion in liquidity to the market.
Built by Bridge, a Stripe company, with reserves held at BlackRock, Lead Bank and BNY, OUSD has four integration paths: Coinbase, Mastercard, Stripe, and Visa. Each offers APIs and tools for services including settlement, payment orchestration, trading, foreign exchange, wallets, and cards.
The Solana network has processed more than $5 trillion in stablecoin volume this year, with a median transaction fee of around $0.0013. Over 200 companies have partnered with Open Standard to integrate OUSD, including Western Union, Visa, PayPal, and Fiserv.