Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses
By Unchained
AI summary of the source article
Open Standard has launched Open USD (OUSD), a dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe, and Visa. The token is issued by Stripe-owned Bridge on Ethereum, Solana, Base, and Tempo, with reserves held at BlackRock, Lead Bank, and BNY. Businesses can mint and burn OUSD at a 1:1 rate against the dollar at no cost via partner integrations.