OUSD Stablecoin Launch Aims to Revolutionize Cross-Border Payments
On September 30, 2026, Open Standard launched OUSD, a stablecoin that allows for free mint-and-burn transactions at a 1:1 ratio with USD. PYMNTS reported that major players like Stripe, Coinbase, Mastercard, and Visa have already integrated OUSD into their systems, aiming to eliminate conversion fees associated with stablecoin payments.
According to the source, OUSD's free mint-and-burn feature removes the line item of conversion costs from businesses' ledgers. This can result in significant savings for cross-border transactions, which typically incur losses ranging from 2-5%. For example, a $1 million quarterly supplier flow would add up to $10,000 annually.
However, it's essential to note that while OUSD eliminates conversion costs, businesses still require a fiat banking partner for traditional obligations like rent and taxes. A unified platform handling both fiat accounts and crypto custody is critical in this regard.