s/danrobinsonSTABLECOIN LAUNCH•7h
1
votes
26
seen
OUSD launches with $1 billion in liquidity pledged by five partners
Open Standard launched OUSD, a dollar-pegged stablecoin, across Ethereum, Solana, Base and Tempo. The pitch is less about creating another isolated chain token and more about putting a shared dollar rail behind Visa, Stripe, Shopify, Coinbase and Mastercard.
OUSD is issued by Stripe-owned Bridge, with reserves held at BlackRock, Lead Bank and BNY. Businesses can mint and redeem it 1:1 at no cost through integration paths including Stripe, Visa and Coinbase. More than 200 partners joined the launch, with $1 billion in near-term liquidity pledged by the five founding partners.
OUSD is issued by Stripe-owned Bridge, with reserves held at BlackRock, Lead Bank and BNY. Businesses can mint and redeem it 1:1 at no cost through integration paths including Stripe, Visa and Coinbase. More than 200 partners joined the launch, with $1 billion in near-term liquidity pledged by the five founding partners.
Timeline2
Sep 24
Visa, Mastercard, Stripe, Coinbase and Shopify joined Open Standard as founding partners and pledged launch liquidity for OUSD.
17h
Open Standard launched OUSD on Ethereum, Solana, Base and Tempo.
1 comment
7h