Open USD
Overview
Open USD (OUSD) is the stablecoin of Open Standard, an independent company announced on 30 June 2026 and backed by a consortium of 140+ businesses at announcement: card networks (Visa, Mastercard, American Express), payments and crypto firms (Stripe, Coinbase, Ripple, MetaMask, Aave, Morpho), tech platforms (Google/Alphabet, Shopify, DoorDash), asset managers (BlackRock), and banks (BNY, BBVA, DBS, OCBC, Standard Chartered). The legal issuer is Bridge Building, Inc. — Bridge, the stablecoin-infrastructure company Stripe acquired — and Open Standard’s founding CEO is Bridge co-founder Zach Abrams.
Three design choices set it apart. Governance: Open Standard’s board is composed of the partners, a structure closer to a card network than to a crypto issuer. Economics: partners mint and redeem with zero fees and no volume limits, and nearly all reserve yield flows back to the businesses that distribute the coin, after a small management fee. Compliance: the GENIUS Act bars paying yield to coin holders, but not to partner businesses — that is precisely the lane OUSD’s revenue-sharing uses.
The strategic read: distribution partners have a direct financial incentive to grow OUSD supply, which is why the announcement was widely seen as a structural attack on Circle’s and Tether’s float economics (Circle’s stock dropped sharply on the news). USDG proved the yield-sharing consortium model at small scale; OUSD scales it to the biggest names in payments.
OUSD went live on 30 September 2026 on Ethereum, Base, Solana and Tempo, with 6 decimals on each — the pre-launch plan had named Solana, Polygon, Stellar and Aptos. Watch the ticker: Origin Dollar, an unrelated yield token, also trades as OUSD (18 decimals, 0x2A8e1E676Ec238d8A992307B495b45B3fEAa5e86 on Ethereum), so match on the contract address, never the symbol.
Card-network settlement support
Live since 30 Sep 2026 but on neither Visa’s nor Mastercard’s published settlement list when checked in Oct 2026 — although Visa, Mastercard, and Amex are consortium members.
Regulation & reserves
Fully reserved USD held at BlackRock, BNY and Lead Bank, with monthly attestations published by Bridge; nearly all reserve income is distributed to partner businesses after a small management fee — an inversion of the issuer-keeps-the-float model used by Tether and Circle.
Chain deployments
| Chain | Standard | Final after | Contract / asset identifier |
|---|---|---|---|
| Ethereum | ERC-20 | ≈ 13–19 min | 0x9f6F3991D525015a6F8CaF062C83b62fD3AC4436 |
| Base | ERC-20 | ≈ 20 min | 0xB2000000000000000000002fEb517dFeC7415344 |
| Solana | SPL | ≈ 13 s | ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB |
| Tempo | TIP-20 | < 1 s | Token 0x20c0000000000000000000006a37DA5C996874BE (Tempo docs, Uniswap token list), 6 decimals. Listed without a matchable address until the EVM decoders know Tempo’s chain id. |
Always verify contract addresses against the issuer’s official documentation before use — lookalike tokens with identical symbols are a common scam vector.