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Science Independently confirmed2 publishers 2 min read Published Updated

Stripe-owned Bridge issues Open Standard's OUSD stablecoin natively on four blockchains

Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.

The Scientist · Science desk

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Illustration accompanying Stripe-owned Bridge issues Open Standard's OUSD stablecoin natively on four blockchains
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What happened

  • For supported business integrations, Open Standard says OUSD can be minted and redeemed at 1:1 against the U.S. dollar.
  • Businesses first reach OUSD through BVNK, Stripe and the Visa Stablecoin Platform, and a Coinbase integration is scheduled to begin on October 1.
  • Under a revenue-sharing model, partners that distribute OUSD or generate activity on their platforms may earn rewards linked to supply and usage, and some may receive equity.
  • An August partnership between Upbit operator Dunamu and Visa listed OUSD-based applications among possible uses but did not create a live OUSD payment product.

Why it matters

  • What's now possible capability A business already on BVNK, Stripe or Visa's stablecoin platform can add OUSD without building its own issuing, transfer or redemption systems, according to Open Standard.
  • Who's exposed exposure Open Standard describes 1:1 redemption for supported business integrations; holders who buy OUSD on Coinbase, Kraken or Uniswap are not covered by any redemption terms in the announcement.
  • Who has to decide decision A treasury team weighing OUSD for settlement has only custodian names to judge the reserves by until the first monthly attestation shows what they hold.

When Open Standard first announced OUSD in June, it had more than 140 participating businesses [3]. Both that figure and the current one are lower bounds. The thing the roster doesn't tell you is how many of those partners have minted, sent or redeemed a token.

Given how partners are rewarded [8], I'd read the roster as a count of distribution agreements. Crypto Times, which reported the launch, made a similar point, writing that "those relationships do not by themselves indicate the scale of future adoption" [9]. Adoption would show up in circulating supply and transaction volume. The launch announcement included neither figure. It also did not break down what the reserves hold or state their starting value [7][16]. Open Standard says reserve attestations will be published monthly [14].

OUSD is issued natively on each of its four networks [1]. When a supply figure is published, it will be a total across Base, Ethereum, Solana and Tempo, and the per-chain split will show where businesses are actually settling. Bridge, the stablecoin infrastructure company Stripe acquired, handles the issuance [4].

Open Standard pitches the token at payments, settlement, foreign exchange and institutional trading [2]. It also lists cross-border payments, wallets and card infrastructure among possible applications [12]. In every one of those uses OUSD competes with USDT and USDC, the two tokens that dominate the dollar-stablecoin market it is entering [15].

What to watch

  • The first monthly attestation, and whether it breaks down reserve composition and value across BlackRock, Lead Bank and BNY.
  • Circulating supply on each of Base, Ethereum, Solana and Tempo after the Coinbase integration starts on October 1.
  • Whether the Dunamu-Visa work moves OUSD from a listed use case to a live payment product.

Clarity's read

What the record supports and how the coverage leans. The claims behind it follow.

Reality

Evidence55
Adoption30
Hype gap+30
Incentives75
Confidence60
Why these scores

Claim ledger

Ranked by verification strength, evidence, and original report placement.

  1. [1]

    OUSD is being issued natively on Base, Ethereum, Solana, and Tempo.

    Reported SupportedView cited source
  2. [2]

    According to an announcement published on September 30, OUSD is designed for business use cases including payments, settlement, foreign exchange, and institutional trading.

    Reported SupportedView cited source
  3. [3]

    Open Standard first announced OUSD with more than 140 participating businesses in June and has since said its network has grown to more than 200 financial institutions, fintech companies, banks, and other businesses.

    Reported SupportedView cited source
  4. [4]

    OUSD is issued by Bridge, the stablecoin infrastructure company acquired by Stripe.

    Reported SupportedView cited source
  5. [5]

    OUSD is accessible through platforms including Coinbase, Kraken, and Uniswap.

    Reported SupportedView cited source
  6. [6]

    For supported business integrations, Open Standard said OUSD can be minted and redeemed at a 1:1 rate against the U.S. dollar.

    Reported SupportedView cited source
  7. [7]

    The launch announcement did not disclose the amount of OUSD initially issued or provide transaction-volume figures.

    Reported SupportedView cited source
  8. [8]

    Under a revenue-sharing model Open Standard described, businesses involved in distributing OUSD or generating activity through their platforms may receive rewards linked to supply and usage; some participating partners may also receive equity.

    Reported SupportedView cited source
  9. [9]

    "those relationships do not by themselves indicate the scale of future adoption"

    Reported Supported Source: Crypto Times, in its report on the OUSD launchView cited source
  10. [10]

    Open Standard said businesses can initially access OUSD through BVNK, Stripe, and the Visa Stablecoin Platform, and its integration with Coinbase is scheduled to begin on October 1.

    Reported SupportedView cited source
  11. [11]

    Open Standard said these connections will give businesses access to OUSD without requiring them to build separate infrastructure for issuing, transferring, or redeeming the stablecoin.

    Reported SupportedView cited source
  12. [12]

    The company identified cross-border payments, settlement, foreign exchange, trading, wallets, and card infrastructure as potential applications.

    Reported SupportedView cited source
  13. [13]

    Open Standard said OUSD's reserves are held at BlackRock, Lead Bank, and BNY.

    Reported SupportedView cited source
  14. [14]

    Open Standard said monthly reserve attestations will be published.

    Reported SupportedView cited source
  15. [15]

    OUSD enters a market dominated by established dollar-pegged assets such as USDT and USDC.

    Reported SupportedView cited source
  16. [16]

    The announcement did not provide a detailed breakdown of the reserve composition or the initial reserve value.

    Reported SupportedView cited source
  17. [17]

    In August, Dunamu, operator of South Korean exchange Upbit, and Visa said they would explore stablecoin payments, international remittances, and AI-related financial services, with OUSD-based applications among potential use cases; that announcement did not establish a live OUSD payment product.

    Reported SupportedView cited source

Sources

2 independent publishers whose own reporting we read for this story.

  1. cryptotimes.io

    2 articles · October 1, 2026

    Open Standard Debuts OUSD Stablecoin Across Base, Ethereum, Solana
  2. forkast.news

    1 article · September 30, 2026

    Inverting the Stablecoin Tax: OUSD and the Equity-for-Usage Play – Forkast

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