Key Notes
- Open USD’s network has grown from 140-plus announced participants to more than 200 partners.
- Five founding partners outlined over $1 billion in launch liquidity, with support across four chains.
- Participating businesses share reserve earnings after a management fee, with rewards linked to supply and activity.
Visa, Mastercard and Stripe are among more than 200 partners behind Open USD (OUSD), which went live on September 30. The launch brings major payment networks, financial institutions, technology platforms and crypto companies into a shared stablecoin project built for business payments and settlement.
The network has grown from the more than 140 businesses named when Open Standard introduced the initiative in June. Its launch announcement now puts participation above 200, expanding the group behind a model that distributes reserve earnings to businesses driving adoption.
OUSD is issued by Stripe-owned Bridge and supported on Ethereum, Solana, Base and Tempo. Five founding partners have outlined more than $1 billion in near-term launch liquidity, giving the project financial support alongside a broad distribution network.
From 140-Plus Participants to More Than 200 Partners
Coinbase, Mastercard, Shopify, Stripe and Visa are Open Standard’s five initial founding partners. The wider partner list extends well beyond those companies, bringing together businesses that serve different parts of the global payments and investment markets.
American Express, BlackRock, BNY and Standard Chartered are among the financial participants, while Google joins the technology contingent. Crypto companies and platforms include Ripple, OKX, Bybit, MetaMask and Galaxy, alongside exchanges, wallet providers and blockchain infrastructure businesses.
That breadth gives OUSD potential distribution across merchant payments, corporate money management and digital-asset markets. The commercial opportunity is to make the same dollar token useful across those activities, with participating businesses benefiting from the usage they help generate.
CoinScreamer covered the initial announcement when the token was still scheduled to launch later in the year. The September release marks the start of availability, rather than simply adding more names to the original coalition.
Reserve Income and Ownership Shared With Partners
Open Standard’s economic model distributes reserve earnings to participating businesses after a small management fee covering operating costs. Rewards are linked to the OUSD supply and activity partners generate on their platforms, aligning the financial incentive with adoption and use.
The project is operated by Open Standard, an independent company. Its September 24 governance update outlines a board drawn from the founders and representing shareholders. Founding and participating partners can earn equity based on their contribution to supply and activity.
Four Networks and More Than $1 Billion in Launch Support
The official integration page lists native support and contract addresses for Ethereum, Solana, Base and Tempo. Integration options allow businesses to mint and burn OUSD at a one-to-one U.S. dollar conversion rate without a charge for those functions.
The liquidity figure comes from commitments by the five founding partners, which are investing in Open Standard and helping establish OUSD supply. The company described more than $1 billion in near-term launch liquidity; it did not present that figure as an independently verified circulating-supply total.
Bridge handles issuance, with reserves held at BlackRock, Lead Bank and BNY, according to Open Standard. Monthly reserve attestations are planned to document the backing as the token’s supply develops.
Coinbase Integration Starts October 1
Businesses can begin building through BVNK, Stripe and the Visa Stablecoin Platform from September 30. Coinbase integration is scheduled for October 1, so availability is being introduced on different dates across providers.
The services span wallets, payment orchestration, conversion and settlement, with onboarding handled by each provider. Open Standard also names Coinbase, Kraken and Uniswap as initial exchange venues, with more expected over time.
The launch builds on the wider push to connect corporate banking with stablecoin payments, including the Citi–Coinbase partnership previously covered by CoinScreamer. OUSD adds a shared reserve-revenue and ownership model to that effort, giving its partner network a direct stake in the token’s adoption.
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