Visa-Backed Open USD Stablecoin Goes Live for Business Use Cases
Open USD (OUSD), a new stablecoin designed for businesses and developers, has gone live. Launched by Open Standard, OUSD aims to simplify financial transactions across various industries, including banking, cross-border payments, settlement, and institutional trading.
The launch enables companies to build with OUSD in services like settlement, payment orchestration, trading, FX, wallets, cards, and more. Partnering companies include Visa, Mastercard, Stripe, and Coinbase, which offer APIs and tools for seamless integration.
OUSD is issued by Bridge, a Stripe company, with reserves held at BlackRock, Lead Bank, and BNY Mellon. The stablecoin's launch marks a significant milestone, as it allows businesses to mint and redeem OUSD without costs or artificial volume limits.