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Open Standard launches its OUSD stablecoin; founding partners Visa, Stripe, Mastercard, and Coinbase will offer initial access to businesses and developers

Open Standard, a company backed by more than 100 corporations, including Visa Inc., Stripe Inc., and Mastercard Inc. …

Bloomberg Ben Weiss

Context & Ripple Effects

Open Standard moved from a consortium announcement—a group of payments, crypto and asset-management firms backing Open USD—to a live distribution effort. Its earlier model centered on sharing reserve earnings with participants, making partner incentives part of the product design rather than merely a go-to-market arrangement.

The launch also lands alongside Visa's stablecoin platform for financial institutions and merchants and Stripe's Bridge-powered stablecoin issuance service. OUSD gives those payment and infrastructure partners a common asset to put in front of businesses and developers.

First-order effects

  • Visa, Stripe, Mastercard and Coinbase become the initial access points for OUSD, giving their business and developer customers a defined route into the Open Standard network.
  • Open Standard shifts from assembling founding partners to testing whether partner-led distribution can create usable demand for a reserve-earnings-sharing stablecoin.

Second-order effects

  • Stripe's Open Issuance customers gain an alternative to launching a proprietary stablecoin: they can weigh control of their own asset against distribution through an OUSD network backed by Stripe and other partners.
  • Visa and Mastercard must make their respective stablecoin tools interoperable enough for shared partners to use OUSD without turning the launch into another isolated payments rail.

Third-order effects

  • If businesses adopt OUSD through multiple founding partners, stablecoin competition shifts toward who controls merchant, developer and institutional distribution—not only who issues the token.
  • The reserve-revenue-sharing model points to a payments-market structure in which networks and distributors seek an economic stake in the settlement asset they promote, rather than acting solely as transaction intermediaries.

The trend: Stablecoin infrastructure is evolving from standalone issuance toward partner-governed settlement networks that bundle distribution, integration and reserve economics.

Discussion

  • @base @base on x
    OUSD is live and liquid on Base
  • @danielfenelus2 @danielfenelus2 on x
    Thanks to Open Standard's reserve revenue-sharing mechanism (where profits generated by OUSD usage are shared with partner networks), Pi Network aims to design mechanisms to directly share this created value with its community. This will expand the network's real-world use cases …
  • @picoreteam @picoreteam on x
    Pi Network is partnering with @openstandard, the company powering Open USD (OUSD), a partner-governed stablecoin designed as open infrastructure! Open Standard brings together more than 200+ partners across payments, finance, technology, and crypto, including Visa, Google, and St…
  • @solana @solana on x
    BREAKING: OUSD is now live on Solana. The new stablecoin from @openstandard is issued by @Stablecoin, with reserves at @BlackRock, @Lead_Bank and BNY. Businesses can mint and burn 1:1 at no cost through @BVNKFinance, @stripe and @Visa's Stablecoin Platform.
  • @bvnkfinance @bvnkfinance on x
    “The hardest part of moving money isn't moving money. It's everything around it.” @JornLambert, CPO at @Mastercard. Today, @openstandard launched Open USD (OUSD). As shared by Jorn, Mastercard will make OUSD available through BVNK. Read the full perspective: https://www.mastercar…
  • @zcabrams Zach Abrams on x
    OUSD is live Build with OUSD at Stripe/Bridge, Mastercard (BVNK), Visa's VSP & Coinbase Stablecoins should be better money. Today, they fall short. OUSD is built to change that. We're off to a great start. The network will get stronger every day Build: https://joinopenstandard.co…
  • @securitize @securitize on x
    Securitize is proud to join the OUSD ecosystem as an @openstandard Network Partner. OUSD is a USD-backed stablecoin built for onchain finance. We will help expand access across our ecosystem to support the continued growth of more efficient onchain financial infrastructure.
  • @stripe @stripe on x
    You can now hold, send, spend, and build with OUSD on Stripe. Read the blog: https://stripe.com/....
  • @krakenlistings @krakenlistings on x
    Now live: $OUSD $OUSD (@openstandard) is Open USD, a US dollar stablecoin designed for global money movement. Start trading today → https://proapp.kraken.com/...
  • @stablecoin @stablecoin on x
    $OUSD is live on Stripe, issued by @stablecoin. Hold, send, spend, and build with OUSD using Stripe's stablecoin stack. Get started: https://docs.stripe.com/...
  • @stripecrypto @stripecrypto on x
    $OUSD is now live on Stripe. Build with OUSD using Stripe's stablecoin stack, including orchestration with @stablecoin, embedded wallets with @privy_io, and stablecoin card issuing with @stripe. Get started: https://docs.stripe.com/...
  • @stanikulechov Stani on x
    Aave to onboard OUSD. Created by @openstandard, used by @stripe @Mastercard @Visa and others. OUSD will play a big role in Aave's growth.
  • @segall_max Max Segall on x
    Open looking GOOD here!!!!! On open stablecoin that shares the economics back with the participants that make it valuable CONGRATS @zcabrams and team 🐐🐐🐐🐐
  • @chapello Andrew Chapello on x
    We at @tryramp are excited to work with the OpenStandard team to make it easier for businesses to move and store money globally. A few things we're excited about: 1/ Reserves are shared by default. This means that most of the value accrues not to the asset issuer but to the users…
  • @matthuang Matt Huang on x
    Open USD (OUSD), the new stablecoin from Coinbase, Mastercard, Stripe, Visa and others launches today. Excited to have over $400M of launch liquidity on Tempo!
  • @patrickc Patrick Collison on x
    Open Standard, $OUSD, is now live! Open Standard is a new USD stablecoin with a very large network of participating partners ( https://joinopenstandard.com/ ...). It's designed to be exceptionally secure, reliable, and developer-friendly. Importantly, most yield is shared directl…
  • @tempo @tempo on x
    Open USD (OUSD) is live on Tempo, with $400M+ in liquidity at launch. Issued natively on Tempo, OUSD by @openstandard gives businesses a new stablecoin for payments, settlement, and treasury, with liquidity deployed across decentralized exchanges, stablecoin swaps, and bridges.
  • @morpho @morpho on x
    Enterprises and fintechs will soon be able to offer earn & borrow products with OUSD by @openstandard Powered by Morpho on @tempo
  • @privy_io @privy_io on x
    1/ We're excited to make $OUSD a first-class asset on Privy from day one. Select it anywhere you want to use stablecoins, across @tempo, @ethereum, @base, and @solana.
  • @stablecoin @stablecoin on x
    Today @openstandard launched $OUSD, issued by @Stablecoin. With OUSD, we're helping businesses use stablecoins as seamlessly as fiat and unlock the advantages of stablecoins for themselves and their customers. Read the blog: https://bridge.xyz/...
  • @benhoneill Ben O'Neill on x
    Years of work has gone into this moment: OUSD is live, issued by Bridge. Over the past two years, we've built regulated stablecoin issuance and orchestration infrastructure that enables businesses to use stablecoins at scale. We've issued and orchestrated billions of dollars of s…
  • @cuysheffield @cuysheffield on x
    Let's go! $OUSD. Excited to build on it and make Visa the best way to access and use it for global payments
  • @openstandard @openstandard on x
    $OUSD is live. Build with OUSD via @Coinbase @Mastercard @Stripe and @Visa. Each integration path supports 1:1 USD conversion at no cost. Read the announcement: https://joinopenstandard.com/ ....
  • @patrickc Patrick Collison on x
    Track $OUSD growth at https://ousd.fyi/.
  • @aave @aave on x
    A proposal to onboard @openstandard's OUSD to Aave V3 Core and Aave V4 Core is live. OUSD is a new stablecoin purpose-built for use cases across banking, cross-border payments, institutional trading, and more.