Open Standard launches OUSD on four chains with $1B backing
CIE News ·
Open Standard rolled out its OUSD stablecoin across Ethereum, Solana, Base, and Tempo, backed by an initial $1 billion liquidity commitment from five payment giants.
Open Standard deployed its fiat-pegged stablecoin, Open USD (OUSD), across Ethereum, Solana, Base, and Tempo on September 30, 2026. Cryptonomist.ch reported that founding partners Coinbase, Mastercard, Shopify, Stripe, and Visa each secured equal initial equity stakes and pledged over $1 billion to establish liquidity. The initiative focuses on everyday payments infrastructure to contend with dominant stablecoin issuers Tether and Circle.
Stripe designated OUSD on Tempo as its default stablecoin configuration, while Visa introduced limited-beta access ahead of an integration with Coinbase set for October 1. According to cryptonomist.ch, Open Standard intends to grow its core investor roster to around 10 to 12 firms and set up a formal board of directors, alongside distributing activity-based incentives to its broader network.