Open Standard has officially launched Open USD (OUSD) across four major blockchain networks, backed by more than $1 billion in near-term launch liquidity committed by its founding partners, according to Crypto.news.
The stablecoin debuted on Base, Ethereum, Solana, and Tempo. Open Standard announced that business access routes are established through Stripe, Mastercard, Visa, and Coinbase, with each integration supporting 1:1 conversions between U.S. dollars and OUSD without mint or burn fees. Bridge Building Inc., a Stripe-owned company, currently issues the digital asset, while reserves are held at BlackRock, Lead Bank, and BNY Mellon, as reported by TradingView.
To power its data architecture, Open Standard named Chainlink as an official data oracle for OUSD. Chainlink’s infrastructure is designed to support use cases involving collateral, trading, lending, margin products, automated market maker pools, and yield vaults. Furthermore, Aave Labs proposed integrating OUSD into Aave V3 on Ethereum and the Aave V4 Core Hub as a supply and borrow asset, though collateral use remains pending further liquidity growth.
Bridge’s expansion into European markets has also advanced, with the company securing MiCA and electronic money licenses in Luxembourg. Simultaneously, Bridge received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish Bridge National Trust Bank in New York, subject to pre-opening requirements.
Payment Giants Embed OUSD Into Global Infrastructure
The launch sees major payment networks integrating the stablecoin directly into commercial products. Stripe incorporated OUSD into services such as Treasury, Issuing, Global Payouts, Crypto Onramp, and Payments, making it the default stablecoin on the Tempo network. Mastercard made OUSD accessible through BVNK’s infrastructure, allowing enterprises and financial institutions to interact with the asset alongside fiat currencies.
Visa positioned OUSD as an initial supported asset within its Stablecoin Platform, which is currently operating in beta. Coinbase supports 1:1 conversions, custody, trading, financing, and payment services. The five founding partners—Coinbase, Mastercard, Shopify, Stripe, and Visa—invested in Open Standard to establish the initial $1 billion liquidity pool, with Bridge co-founder Zach Abrams serving as chief executive.
Follow-up Questions
Which specific regulatory hurdles remain for Bridge National Trust Bank?
Bridge received preliminary conditional approval from the OCC, but must fulfill specific pre-opening requirements before beginning operations in New York
The underlying reporting is available from cryptonews.net.
What remains unclear: The exact timeline for completing the OCC pre-opening conditions has not been publicly specified
How will reserve earnings be distributed among participating partners?
Open Standard’s design model indicates that reserve earnings can be distributed to participating partners after management fees, contingent on joining the network
What remains unclear: Exact distribution percentages and payout schedules per partner remain tied to ongoing platform activity
Perspectives
Open Standard’s Perspective vs Payment Network Perspective
Story lens
Open Standard’s Perspective
Open Standard positions the OUSD launch as a milestone for institutional-grade blockchain liquidity, uniting major fintech giants to achieve seamless 1:1 conversions without mint fees. By leveraging multi-chain architecture across Base, Ethereum, Solana, and Tempo, the company aims to embed the stablecoin deeply into global commerce while ensuring regulatory transparency through monthly attestations
Payment Network Perspective
Founding partners such as Visa, Mastercard, and Stripe view OUSD as a foundational layer to streamline cross-border payments, treasury management, and retail settlement. Integrating the stablecoin into established API tools and default network configurations allows these institutions to capture digital-dollar volume while expanding enterprise-grade utility
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Open Standard has launched the OUSD stablecoin across four blockchains with $1 billion in backing from founding partners including Visa, Mastercard, Stripe, and Coinbase.
