Overview
- Open USD (OUSD) went live on Ethereum, Solana, Base and Tempo, with the launch announced by Open Standard on Sept. 30 and live distribution starting immediately on multiple chains.
- Five founding partners—Coinbase, Mastercard, Shopify, Stripe and Visa—committed more than $1 billion in initial liquidity and each received an equal initial equity stake in Open Standard.
- The token is issued by Bridge, a Stripe company, with reserves held at BlackRock, Lead Bank and BNY Mellon and monthly reserve attestations planned to provide transparency.
- Infrastructure integrations include Chainlink as the official oracle, exchange and trading support beginning with Coinbase, Kraken and Uniswap, and about $400 million of OUSD reported on Tempo at launch.
- Bridge has preliminary conditional approval from the U.S. OCC to form Bridge National Trust Bank but must meet pre-opening conditions before operating which will affect how quickly on‑ and off‑ramps and custody services scale.