Open USD market cap on Ethereum surpasses $100M in rapid growth

OUSD: OUSD, also known as OpenUSD, is a US dollar-pegged stablecoin operated by Open Standard and issued by Bridge, a Stripe company, with reserves held at institutions including BlackRock. It launched on September 30, 2026, on Ethereum, Solana, Base, and Tempo to support payments, settlement, cross-border transfers, and institutional use cases. Businesses can mint and redeem it at no cost through partner channels, and the model shares reserve earnings with participating companies. The news highlights its rapid growth on Ethereum, where market cap recently crossed $100 million. OpenUSD: OpenUSD, also known as OUSD, is a US dollar-pegged stablecoin operated by Open Standard and issued by Bridge, a Stripe company, with reserves held at institutions including BlackRock. It launched on September 30, 2026, on Ethereum, Solana, Base, and Tempo to support payments, settlement, cross-border transfers, and institutional use cases. Businesses can mint and redeem it at no cost through partner channels, and the model shares reserve earnings with participating companies. The news highlights its rapid growth on Ethereum, where market cap recently crossed $100 million. Model: The stablecoin allows businesses to mint and redeem at no cost while directing most reserve earnings to partners rather than a single issuer. Launch: OpenUSD launched on September 30, 2026, across multiple blockchains including Ethereum to enable broader stablecoin use in payments and finance. Partnerships: It is developed by Open Standard with founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa that support its distribution and liquidity.