Open Standard reports $666M market cap for OUSD stablecoin

OUSD: OUSD is a USD-backed stablecoin issued by Bridge, a Stripe company, and designed as shared infrastructure for global financial services. It supports mint and burn at a 1:1 rate with no fees and is live on Ethereum, Solana, Base, and Tempo. The stablecoin emphasizes collaborative governance and economics shared with partners rather than a single issuer. Visa: Visa is a global payments network and founding partner in Open Standard that supports OUSD through its Visa Stablecoin Platform for payments and related services. The company collaborates on building broader acceptance and distribution for the stablecoin. Coinbase: Coinbase is a major cryptocurrency exchange and founding partner in Open Standard that enables trading and distribution of OUSD. It joined as an early investor and liquidity provider to support the stablecoin's launch and ecosystem growth. Mastercard: Mastercard is a global payments network and founding partner in Open Standard, contributing to OUSD liquidity and integration for use in payments and settlement. It participates in the partner network to expand stablecoin adoption in traditional financial services. Open Standard: Open Standard is an independent company that operates the Open USD stablecoin project with governance structured around its partner network of financial institutions and businesses. It focuses on building infrastructure for stablecoin use in payments, settlement, and institutional trading. The organization announced the live launch of OUSD on multiple blockchains in late September 2026 with integrations for key partners. Stripe/Bridge: Bridge is a stablecoin infrastructure company acquired by Stripe that now issues OUSD with reserves held at institutions including BlackRock. Stripe provides integration paths for businesses to build with OUSD in payments and financial services. The combined entity supports mint and burn functionality across partner platforms. Zachary Abrams: Zachary Abrams is the CEO of Open Standard and previously co-founded Bridge, the stablecoin infrastructure firm acquired by Stripe. He leads the development and launch of OUSD, highlighting its focus on making stablecoins more effective for business use cases like payments and settlement. Abrams has emphasized building with major partners including Coinbase, Mastercard, Stripe, and Visa. Launch: OUSD went live on September 30, 2026, on Ethereum, Solana, Base, and Tempo blockchains with native issuance support. Issuance: OUSD is issued by Bridge, a Stripe company, with reserves managed at BlackRock, Lead Bank, and BNY. Partnerships: Coinbase, Mastercard, Stripe, and Visa serve as founding partners and liquidity providers for OUSD through Open Standard.