Current outcome
Open Standard's OUSD/Open USD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; Mastercard's route runs through BVNK, Visa offers limited beta access, and Coinbase is scheduled to follow on Oct. 1; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200. Roughly two hours after launch, cross-chain circulating supply reached about 477.3M with 100% reserve coverage ($211.2M in US Treasuries, $266.1M in cash), with the Tempo network holding about 434.2M (over 90% of supply) and $533.9M in cumulative transfers.
Progress timeline
4 material updates- #01
【Open Standard 稳定币 OUSD 正式上线,由 Stripe 旗下 Bridge 发行】
Open Standard's OUSD stablecoin went live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo.
Source evidence: foresightnews · theblockbeats
- #02
Coinbase、Visa等五家公司成为Open Standard创始合作伙伴,并获相同比例初始股权
Open Standard's CEO disclosed the founding-partner structure: Coinbase, Mastercard, Shopify, Stripe and Visa each received equal initial equity and pledged over $1B combined to build OUSD liquidity over coming months; integration partners grew from over 140 in June to over 200, with SBI Holdings, UBS and Jeeves newly joining.
State after update: Open Standard's OUSD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200.
Source evidence: theblockbeats
- #03
OUSD上线2小时流通量已超4.7亿美元,Tempo链占比超九成
Within two hours of launch, OUSD's cross-chain circulating supply reached about 477.3M, 100% backed by reserves of $211.2M in US Treasuries (44.25%) and $266.1M in cash (55.75%); the Tempo network held about 434.2M (over 90% of supply) with $533.9M in cumulative transfers.
State after update: Open Standard's OUSD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200. Roughly two hours after launch, cross-chain circulating supply reached about 477.3M with 100% reserve coverage ($211.2M in US Treasuries, $266.1M in cash), with the Tempo network holding about 434.2M (over 90% of supply) and $533.9M in cumulative transfers.
Source evidence: theblockbeats
- #04
Open USD Launches as Stripe's Default Stablecoin
After Open USD launched as Stripe's default stablecoin, new distribution details emerged: Mastercard's route runs through BVNK, Visa offers limited beta access, and Coinbase is scheduled to follow on Oct. 1.
State after update: Open Standard's OUSD/Open USD stablecoin is live, issued by Stripe-owned Bridge with reserves held at BlackRock, Lead Bank and BNY Mellon, monthly proof-of-reserves, free 1:1 mint/redeem, and distribution via Mastercard, Stripe, Visa, Coinbase, Kraken and Uniswap across Base, Ethereum, Solana and Tempo; Mastercard's route runs through BVNK, Visa offers limited beta access, and Coinbase is scheduled to follow on Oct. 1; the company is run by management with Coinbase, Mastercard, Shopify, Stripe and Visa as equal-equity founding partners that pledged over $1B for liquidity, and integration partners now exceed 200. Roughly two hours after launch, cross-chain circulating supply reached about 477.3M with 100% reserve coverage ($211.2M in US Treasuries, $266.1M in cash), with the Tempo network holding about 434.2M (over 90% of supply) and $533.9M in cumulative transfers.
Source evidence: The Defiant