started · updated
Open Standard launches Open USD stablecoin with major financial backing
Open Standard has officially launched Open USD (OUSD), a dollar-pegged stablecoin designed for international banking, payments, and institutional trading. The project is backed by a consortium of approximately 200 partners, including major financial and technology firms such as Visa, Mastercard, Stripe, and Coinbase.
OUSD is currently available on the Ethereum, Solana, Coinbase Base, and Tempo blockchains, with trading active on platforms including Coinbase, Kraken, and Uniswap. The asset has reached a market valuation of approximately $668 million. The project launched with $1 billion in liquidity, with founding partners receiving initial equity stakes.
Reserves for the stablecoin are managed through BlackRock, Lead Bank, and BNY. The initiative aims to provide a programmable, global infrastructure for businesses to conduct transactions with the same ease as fiat currency, potentially impacting regional markets like Latin America through improved remittance and digital savings capabilities.
Entities
Coinbase · Mastercard · Open Standard · Open USD · Stripe · Visa
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Businesses can mint and redeem OUSD at par without fees or volume limits. www.europesays.com · forkast.news · www.pymnts.com
- [● 3 SOURCES] OUSD returns reserve earnings, minus a management fee, to participating businesses rather than concentrating them with the issuer. www.europesays.com · forkast.news · www.pymnts.com
- [● 5 SOURCES] The stablecoin token, called Open USD (OUSD), is a dollar-pegged asset. www.europesays.com · forkast.news · www.pymnts.com · livecoins.com.br · www.infozona.com.ar
- [○ 1 SOURCE] The majority of Open Standard equity will be distributed over four to five years based on supply growth and transaction activity. forkast.news
- [● 2 SOURCES] OUSD launched on Ethereum, Solana, Coinbase’s Base, and the Stripe-backed Tempo blockchain. forkast.news · livecoins.com.br
- [○ 1 SOURCE] The consortium grew to over 200 partners at launch, including banks such as UBS, DBS, and ANZ. forkast.news
- [● 5 SOURCES] Open Standard launched a new stablecoin called Open USD (OUSD). www.europesays.com · forkast.news · www.pymnts.com · livecoins.com.br · www.infozona.com.ar
- [● 2 SOURCES] Five founding partners—Coinbase, Mastercard, Shopify, Stripe, and Visa—received equal initial equity stakes backed by $1 billion in liquidity. forkast.news · www.infozona.com.ar
- [○ 1 SOURCE] The market value of OUSD is approximately $668 million. livecoins.com.br
- [○ 1 SOURCE] OUSD is available for trading on Coinbase, Kraken, and Uniswap. livecoins.com.br
- [○ 1 SOURCE] The project is supported by an alliance of approximately 200 international firms. www.infozona.com.ar
- [○ 1 SOURCE] The reserves for OUSD are held at BlackRock, Lead Bank, and BNY. livecoins.com.br