Open Standard has launched OUSD, a U.S. dollar stablecoin aimed at businesses and developers building internet-native financial products. The token is positioned for use across banking, cross-border payments, settlement and institutional trading. According to ChainCatcher, OUSD currently offers four integration paths, with APIs and tools covering settlement, payment orchestration, trading, foreign exchange conversion, wallets and card services. All access channels support free minting and redemption at a 1:1 exchange rate with the U.S. dollar. Businesses can already connect through Mastercard, Stripe and the Visa Stablecoin Platform, while a Coinbase integration is scheduled to open on Oct. 1. OUSD will natively support Base, Ethereum, Solana and Tempo, and it is set to debut on both centralized and decentralized trading venues including Coinbase, Kraken and Uniswap. The stablecoin is issued by Bridge, a Stripe-owned company. Its reserves are held with BlackRock, Lead Bank and BNY Mellon, with reserve attestations to be published monthly. Open Standard said it now has more than 200 partners spanning financial institutions, fintech companies, banks and global enterprises.
Open Standard has officially launched OUSD, a U.S. dollar stablecoin, according to ChainCatcher. The company said businesses and developers can now use OUSD to build internet-native financial services and products for banking, cross-border payments, settlement and institutional trading.
OUSD currently comes with four integration paths. Its APIs and tools cover settlement, payment orchestration, trading, foreign exchange conversion, wallets and card services. All channels support free minting and redemption at a 1:1 rate against the U.S. dollar.
Businesses can access OUSD through Mastercard, Stripe and the Visa Stablecoin Platform. A Coinbase integration is set to open on Oct. 1.
On chain support, OUSD will be native to Base, Ethereum, Solana and Tempo. It will first be listed on centralized and decentralized trading platforms including Coinbase, Kraken and Uniswap.
OUSD is issued by Bridge, a Stripe-owned company. Reserve assets are held with BlackRock, Lead Bank and BNY Mellon, and reserve attestations will be published monthly.
Open Standard said it currently has more than 200 partners across financial institutions, fintech companies, banks and global enterprises.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
