Open Standard Has Launched OUSD Stablecoin
The new dollar-backed digital currency arrived with support from major financial and commerce partners.
Updated on Oct. 2, 2026 in Openings & Closings
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Open Standard has launched the OUSD stablecoin, a new digital asset fully backed by U.S. dollar reserves. The project secured a $1 billion liquidity commitment from founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa.
Why it matters
The project aims to reduce costs for businesses while granting them greater influence over digital currency ecosystems. By offering fee-free minting and redemption, Open Standard seeks to solve traditional barriers to stablecoin adoption for large-scale enterprise users.
Reserve assets currently equal 100% of all OUSD tokens in circulation. More than 140 businesses joined the project at its initial announcement.
The players
Open Standard
This organization manages the OUSD stablecoin project and focuses on optimizing digital currency infrastructure for businesses.
Zach Abrams
He serves as the CEO of Open Standard.
Bridge
This platform provides the technical infrastructure for issuing OUSD and publishes data on reserve holdings.
The details
Issued through the Bridge platform, OUSD operates on the Ethereum, Base, Solana, and Tempo networks. Businesses can mint and redeem the tokens without incurring fees, with reserve transparency maintained through data published by Bridge.
Timeline
Open Standard announced the OUSD project on June 30, 2026.
The OUSD stablecoin officially went live on September 30, 2026.
Market Landscape
This move signals a shift toward enterprise-led digital asset infrastructure as established payment giants look to integrate blockchain efficiency. It positions Open Standard as a direct participant in the institutional battle for influence over global digital currency standards.
Participating businesses can now access a fee-free minting and redemption process for stablecoins. For individual shoppers, this may lead to more efficient and lower-cost payment options at supported merchants over time.
The takeaway
The entry of major financial firms into the OUSD ecosystem suggests that stablecoins are moving from niche crypto tools to standard corporate infrastructure. Businesses looking to leverage these assets should monitor how equity rewards for partners evolve alongside OUSD usage.
Further reading
Learn more about new commercial developments on our Openings & Closings page.
Source note: This article includes information reported by CryptoSlate.
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