Stripe has launched OUSD, a stablecoin issued by Open Standard, with partners including Visa, Mastercard, and Google. This marks a shift in stablecoin competition from asset-based to network-based. OUSD features shared governance and a revenue-sharing model, and will be the default stablecoin on Stripe's platform. The move directly challenges Circle and aims to reshape global payment infrastructure.
Stripe has launched OUSD, a new stablecoin that signals a shift in the stablecoin landscape from asset competition to network competition. Issued by Open Standard, OUSD is supported by major partners including Visa, Mastercard, and Google. The stablecoin adopts a shared governance and revenue-sharing model, and Stripe has set it as the default stablecoin on its platform. This strategic move is widely seen as a direct challenge to Circle and its USDC, with Stripe aiming to reshape the infrastructure for global fund transfers through OUSD.
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