Open Standard Launches OUSD Stablecoin on Four Networks Backed by Visa, Stripe and Mastercard

Open Standard, backed by more than 200 companies including Visa, Stripe and Mastercard, launched its dollar-pegged stablecoin OUSD on September 30, deploying it simultaneously on Ethereum, Solana, Base and Tempo. The token is issued by Bridge, a Stripe subsidiary, and is available with free minting for businesses and software developers building new products and services.

Coinbase, Mastercard, Shopify, Stripe and Visa are Open Standard's five founding partners and investors, each holding an equal initial equity stake in the company. CEO Zach Abrams said the overwhelming majority of Open Standard's equity will eventually be distributed to partners based on how much they help grow OUSD supply and transaction activity. The broader partner network has expanded beyond the original 140 companies to more than 200, with UBS, Japan's SBI Holdings and fintech Jeeves among the latest additions.

Stripe has designated OUSD as the default stablecoin for businesses transacting on its platform, a move that could significantly accelerate adoption in cross-border payments and business settlements. Coinbase confirmed it will add support for OUSD on October 1. Coinbase, Mastercard, Stripe and Visa have together committed $1 billion to initial liquidity. The launch positions OUSD as a direct challenge to dominant stablecoins USDT and USDC, targeting payments, banking, settlement and institutional trading use cases.