Open Standard stablecoin OUSD officially launches, issued by Stripe-owned Bridge

BlockBeats news, September 30: Open Standard announced the official launch of the US dollar stablecoin OUSD, enabling 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 including settlement, payment orchestration, trading, foreign exchange conversion, wallets, and bank cards. All channels support free minting and burning of OUSD at a 1:1 US dollar exchange rate. Enterprises can currently access it through Mastercard, Stripe, and the 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 including Coinbase, Kraken, and Uniswap. OUSD is issued by Bridge, a company under Stripe, with reserve assets held at BlackRock, Lead Bank, and Bank of New York Mellon, and proof of reserves will be published monthly. Open Standard currently has more than 200 partner institutions, fintech companies, banks, and global enterprises.