Stripe has launched OUSD (Open Standard Dollar), issued by the Open Standard consortium with support from Visa, Mastercard, and Google. OUSD features shared governance and revenue sharing and is set as the default stablecoin on Stripe's platform. This move directly challenges Circle's dominance, signaling a shift in stablecoin competition from asset attributes to network effects and infrastructure.
Stripe has officially launched OUSD (Open Standard Dollar), marking a new phase in the stablecoin landscape where competition moves from asset attributes to network effects and infrastructure. Issued by Open Standard, OUSD is backed by major partners including Visa, Mastercard, and Google. The stablecoin employs a shared governance and revenue model and is integrated as the default stablecoin on Stripe's platform, directly challenging Circle's USDC. Analysts view this as Stripe's attempt to reshape global payment infrastructure by embedding stablecoins into broader financial ecosystems.
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