Visa, Mastercard, Coinbase, Stripe and Shopify launch Open USD stablecoin
Open Standard launched the dollar-backed Open USD (OUSD) stablecoin in late September 2026 with Visa, Mastercard, Coinbase, Stripe and Shopify. The five companies hold equal initial stakes and have committed more than $1 billion to initial liquidity over the coming months.
Image: itc.ua · Author: \u0428\u0430\u0434\u0440\u0456\u043d \u0410\u043d\u0434\u0440\u0456\u0439 · source articleEditorial excerpt for news reporting
Open Standard officially launched the Open USD (OUSD) stablecoin in late September 2026, with Visa, Mastercard, Coinbase, Stripe and Shopify as co-founders. Each company received an equal initial stake in Open Standard.
The founders plan to provide more than $1 billion in initial liquidity over the coming months. OUSD launched on Base, Ethereum, Solana and Tempo.
Bridge Building Inc. is the token’s technical issuer; Stripe acquired the infrastructure company for $1.1 billion in 2024. Open Standard is led by CEO Zach Abrams, Bridge’s co-founder. Reserves are held by BlackRock, Lead Bank and BNY, with monthly reserve attestations planned for a separate page.
OUSD trading and integrations
OUSD is initially available on Coinbase, Kraken and Uniswap. Businesses can mint and redeem it at a 1:1 rate to the US dollar at no cost through BVNK, Stripe and Visa Stablecoin Platform; Coinbase access opened on October 1, 2026.
Stripe offers the deepest integration: OUSD will become the default stablecoin across Stripe Treasury, Stripe Issuing and Global Payouts. Through Crypto Onramp, businesses will also be able to offer customers fiat-to-OUSD conversions.
Stripe said businesses will not be required to convert existing balances in other stablecoins. Ramp plans to use Stripe to launch stablecoin accounts with OUSD balances, rewards and round-the-clock global transfers.
Revenue tied to platform activity
Open Standard plans to distribute reserve income among partners based on issuance volumes and transaction activity on their platforms, after management fees. The company itself will earn a predictable transaction fee rather than a share of the reserve spread.
Other companies can join the partner network at no cost; it had more than 200 members at launch. Executives at Visa, Mastercard and Coinbase also said they would continue supporting other stablecoins, including USDC.
The activity-based rewards model has drawn observers’ attention to potential compliance questions and its fit with stablecoin rules in different jurisdictions. The source does not report a regulatory conclusion on the mechanism.
What we know
- Open Standard launched OUSD with Visa, Mastercard, Coinbase, Stripe and Shopify.
- The founders plan to provide more than $1 billion in initial liquidity over the coming months.
- OUSD launched on Base, Ethereum, Solana and Tempo.
- Reserve income will be distributed among partners based on issuance and transaction activity.
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