Open USD Stablecoin Launches with Major Payments and Crypto Partners

Open Standard’s new stablecoin, Open USD (OUSD), launched on September 30, 2026, with backing from major payments and crypto companies, including Coinbase, Mastercard, Shopify, Stripe, and Visa. Unlike traditional stablecoins, OUSD is designed as a shared network asset, allowing partners to drive supply and activity through their platforms, earn rewards, and gain equity participation. The stablecoin is available through integrations with Coinbase, Mastercard, Stripe, and the Visa Stablecoin Platform, with support for minting and burning at a 1:1 USD conversion rate and no cost. OUSD is supported on Base, Ethereum, Solana, and Tempo, and is listed on exchanges like Coinbase, Kraken, and Uniswap.

Reserves for OUSD are held at BlackRock, Lead Bank, and BNY Mellon, with monthly attestations planned through Bridge, a Stripe company. The token is integrated across Stripe’s stablecoin stack, enabling businesses to receive, hold, send, and spend funds, as well as convert between fiat and OUSD. Visa’s Stablecoin Platform, introduced in July 2026, provides financial institutions and fintechs with access to minting, redemption, wallet infrastructure, and stablecoin operations. The founding partners are investing in Open Standard and have established over $1 billion in near-term launch liquidity, with equity participation tied to supply and activity.

Investors should monitor OUSD’s adoption, reserve transparency, and competitive response. The success of the model depends on whether partner incentives translate into durable supply without compromising trust, compliance, or reserve transparency. Key signals include monthly Bridge reserve attestations, Stripe’s default stablecoin configuration on Tempo, and Visa Stablecoin Platform adoption. While OUSD aims to redistribute stablecoin economics across partners, its long-term viability will depend on sustained balances, usage, and merchant or fintech adoption.