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Open Standard launches Open USD stablecoin, backed by giants like Coinbase and Mastercard.
Open Standard has launched its USD stablecoin, Open USD (OUSD), with support from companies including Coinbase, Mastercard, Stripe, and Visa. The stablecoin adopts a different model from Tether and Circle, aiming to foster growth by distributing equity to partners and eliminating minting and burning fees. Five founding partners have committed over $1 billion to establish OUSD liquidity. OUSD went live on Wednesday on the Ethereum, Solana, Base, and Tempo blockchains.
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