Overview
- Open USD (OUSD) went live on Ethereum, Solana, Base and Tempo on Sept. 30, 2026 and is being listed or supported by major venues including Coinbase, Kraken and Uniswap.
- Five founding partners—Coinbase, Mastercard, Shopify, Stripe and Visa—have taken equal initial stakes and committed more than $1 billion to seed OUSD liquidity.
- OUSD is issued by Bridge, the Stripe-owned infrastructure firm, with reserves held at BlackRock, Lead Bank and BNY and monthly attestations planned.
- Minting and redemption are offered at a 1:1 dollar rate with no mint or burn fees, and Open Standard will pay most reserve earnings back to partners rather than retaining them centrally.
- Tempo already shows roughly $400 million of OUSD liquidity and the project is pitched as a payments, settlement and treasury rail that could speed large enterprise flows and reshape how firms move dollar balances.