Stripe integrates Open USD as default stablecoin for payments
by@stripe
Summary
Open Standard has officially launched Open USD (OUSD) as the default stablecoin on Stripe, enabling businesses to hold, send, spend, and build with OUSD seamlessly within Stripe's ecosystem. This integration allows users to convert USD to OUSD at no cost and utilize various Stripe products, including Treasury for transactions and Global Payouts for international payments. As part of this launch, businesses can also benefit from partnerships with major companies like Coinbase, Mastercard, and Visa, alongside access to additional features through integrations with Bridge and Privy for converting fiat and managing digital wallets.
Tokens
$OUSD
Analysis
Visa: Visa is a leading global payments network providing secure and reliable transaction processing worldwide. It participates as a founding company in Open Standard, backing OUSD to facilitate seamless stablecoin use cases on platforms like Stripe. Stripe: Stripe is a financial infrastructure platform that provides tools for payments, treasury management, issuing, and payouts to businesses worldwide. In this development, Stripe has integrated OUSD across its products, making it the default stablecoin for receiving, holding, sending, spending, and converting funds while offering flexibility with other stablecoins. Shopify: Shopify is an e-commerce platform that empowers merchants to build and scale online stores with integrated payment and business tools. As one of the founding companies of Open Standard, it helps extend OUSD's utility to global commerce and financial product building via Stripe integrations. Coinbase: Coinbase is a major cryptocurrency platform that facilitates trading, custody, and development of digital assets and blockchain technologies. It serves as one of Open Standard's founding companies, contributing to the distribution and support network that enables OUSD's integration across Stripe and other services. Mastercard: Mastercard is a global payments network that powers transactions and financial services for consumers, businesses, and governments. As a founding partner of Open Standard, it supports OUSD's rollout to expand internet-native payment capabilities through Stripe's ecosystem. Open Standard: Open Standard is the organization behind OUSD, a stablecoin built for global money movement at scale using internet-native payment rails. It enables businesses to transact, hold, send, and build financial products efficiently across multiple blockchains. OUSD's launch on Stripe as the default stablecoin, along with integrations from founding partners, directly stems from Open Standard's development and distribution efforts. Future Use Cases: Finance platform Ramp will soon integrate Stripe to enable users to hold OUSD balances, earn rewards, and make payments globally. Partner Integrations: OUSD works with Bridge for conversions between fiat and other stablecoins as well as Privy for digital wallet support. Blockchain Availability: OUSD is available on Base, Ethereum, Solana, and Tempo.
Categories
cryptorwaethereumdefitechhyperliquidbase