Open Standard stablecoin OUSD officially launched, issued by Bridge under Stripe

Open Standard announces the official launch of the dollar stablecoin OUSD, allowing enterprises and developers to use OUSD to build internet-native financial services and products such as banking, cross-border payments, settlement, and institutional trading.

OUSD currently offers 4 integration paths, with related APIs and tools covering services such as settlement, payment orchestration, trading, foreign exchange, wallets, and bank cards. All channels support free minting and burning of OUSD at a 1:1 dollar exchange rate. Enterprises can currently access it through the Mastercard, Stripe, and Visa Stablecoin Platform, with Coinbase integration set to open on October 1.

OUSD will natively support Base, Ethereum, Solana, and Tempo, and will first launch on centralized and decentralized trading platforms such as Coinbase, Kraken, and Uniswap. OUSD is issued by Bridge, a subsidiary of Stripe, with reserve assets held at BlackRock, Lead Bank, and Bank of New York Mellon, with reserve proofs to be published monthly. Open Standard currently has over 200 financial institutions, fintech companies, banks, and global corporate partners.