Current outcome
Open USD is natively issued on Tempo, Base, Ethereum, and Solana with more than 200 partner organizations; circulation is about 468 million tokens with over $400 million in on-chain liquidity. Stripe is set to distribute OUSD through its payments stack, Coinbase began supporting the network on Oct. 1, and Mastercard has announced OUSD access via BVNK, enabling fiat and stablecoin conversion and settlement.
Progress timeline
4 material updates- #01
【Open Standard 稳定币 OUSD 正式上线,由 Stripe 旗下 Bridge 发行】
Open Standard's OUSD stablecoin went live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo.
Source evidence: foresightnews · theblockbeats · CoinDesk · CryptoSlate · foresightnews
- #02
Coinbase、Visa等五家公司成为Open Standard创始合作伙伴,并获相同比例初始股权
Open Standard's CEO disclosed the founding-partner structure: Coinbase, Mastercard, Shopify, Stripe and Visa each received equal initial equity and pledged over $1B combined to build OUSD liquidity over coming months; integration partners grew from over 140 in June to over 200, with SBI Holdings, UBS and Jeeves newly joining.
State after update: Open Standard's OUSD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200.
Source evidence: theblockbeats
- #03
OUSD上线2小时流通量已超4.7亿美元,Tempo链占比超九成
Within two hours of launch, OUSD's cross-chain circulating supply reached about 477.3M, 100% backed by reserves of $211.2M in US Treasuries (44.25%) and $266.1M in cash (55.75%); the Tempo network held about 434.2M (over 90% of supply) with $533.9M in cumulative transfers.
State after update: Open Standard's OUSD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200. Roughly two hours after launch, cross-chain circulating supply reached about 477.3M with 100% reserve coverage ($211.2M in US Treasuries, $266.1M in cash), with the Tempo network holding about 434.2M (over 90% of supply) and $533.9M in cumulative transfers.
Source evidence: theblockbeats
- #04
Open USD Launches as Stripe's Default Stablecoin
After Open USD launched as Stripe's default stablecoin, new distribution details emerged: Mastercard's route runs through BVNK, Visa offers limited beta access, and Coinbase is scheduled to follow on Oct. 1.
State after update: Open Standard's OUSD/Open USD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; Mastercard's route runs through BVNK, Visa offers limited beta access, and Coinbase is scheduled to follow on Oct. 1; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200. Roughly two hours after launch, cross-chain circulating supply reached about 477.3M with 100% reserve coverage ($211.2M in US Treasuries, $266.1M in cash), with the Tempo network holding about 434.2M (over 90% of supply) and $533.9M in cumulative transfers.
Source evidence: The Defiant