Open Standard Launches OUSD Stablecoin Backed by Major Financial Giants to Challenge Tether and Circle

Open Standard has officially launched the Open USD (OUSD) stablecoin with support from over 200 companies, including founding partners Visa, Mastercard, Stripe, Coinbase, and Shopify.
Key operational and structural details of the rollout include:
* Infrastructure & Issuance: Issued by Bridge (acquired by Stripe), with reserves held across BlackRock, BNY, and Lead Bank.
* Network Architecture: Native multi-chain deployment spanning Ethereum, Solana, Base, and Tempo, with day-one trading access on platforms like Coinbase, Kraken, and Uniswap.
* Fee Structure & Economics: Businesses can mint and redeem OUSD 1:1 against the U.S. dollar at zero cost, with Open Standard utilizing a small, predictable transaction fee model rather than taking the bulk of reserve yields. Partners can also earn equity rewards based on platform activity.
Market analysts note that OUSD enters a concentrated stablecoin market dominated by Tether (USDT) and Circle (USDC), aiming to capture institutional cross-border and commerce flows through deeply embedded traditional payment rails.