Open USD takes on Tether and Circle with a new stablecoin model that distributes most equity to partners helping grow the network


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Promote with Leviathan NewsOpen Standard launched in June with over 140 partners across payments, banking, crypto and technology, including BlackRock, BNY and Standard Chartered. Coinbase, Mastercard, Shopify, Stripe and Visa are the first five founding partners, each holding an equal initial equity stake, and together have committed more than $1 billion to build OUSD liquidity. Abrams rejects the consortium label, saying management runs the company while a small group of founding partners holds ownership and governance. The broader network is aligned through rewards tied to contributions to OUSD, which targets banking, cross-border payments, card settlement, trading and lending.
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Open Standard, $OUSD, is now live! Open Standard is a new USD stablecoin with a very large network of participating partners (https://t.co/N9hao5HKxF). It's designed to be exceptionally secure, reliable, and developer-friendly. Importantly, most yield is shared directly with… https://t.co/ZbZoByUjXC
THE BLOCK: Open Standard has launched its Open USD $OUSD stablecoin, allowing businesses and developers to use the dollar-pegged token for payments, settlement, trading, and other financial applications. OUSD is initially accessible through BVNK, Stripe and Visa, with Coinbase…
BREAKING: Open Standard officially launches Open USD, a new stablecoin backed by 200+ financial and crypto companies. Partners include Blackrock, Visa, Mastercard, Stripe, and Coinbase. This is MASSIVE!
Today @openstandard launched $OUSD, issued by @Stablecoin. With OUSD, we're helping businesses use stablecoins as seamlessly as fiat and unlock the advantages of stablecoins for themselves and their customers. Read the blog: https://t.co/I1kJtm2eRT https://t.co/AtTQFNPQkp
24 hours after @openstandard's launch, more than $650M of OUSD is in circulation. Money is only really money when people spend it, price things in it, and save in it. With Stripe, Visa, Mastercard, Coinbase, Shopify, and others behind it, I'm optimistic OUSD can be all three. https://t.co/KT8cPViRsD
Open USD (OUSD) launched live on Ethereum, Solana, Base, and Tempo with over $1B in initial liquidity backing. What makes OUSD different isn't just multi-chain support, it’s the architecture: 🔹 Zero-Fee Mint/Redemption: Eliminating drag for institutional treasurers. 🔹 Shared…
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As of 30 Sep 15:00 UTC.
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