Stripe’s Bridge launches OUSD, the Stablecoin that pays its distributors

Open USD (OUSD), a dollar stablecoin issued by Stripe-owned Bridge and managed by the independent Open Standard, went live today on Ethereum’s Tempo chain, Base, Solana and Stripe.

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What’s the scoop?

• The 101: Rather than the Open Standard retaining the reserve yield, almost all of it goes to the companies that distribute the OUSD. Additionally, OUSD always mints and redeems at 1:1 to the dollar, with no fees, regardless of size. BlackRock, BNY and Lead Bank manage the reserves and monthly certificates are promised.

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• Main rails: Integrations are via Stripe, Visa, Mastercard (via BVNK) and Coinbase, support for which starts October 1st. Kraken and Uniswap round out the day one trading platforms.

• A grand coalition: Open Standard counts more than 200 partners among its ranks, from AmEx and UBS to Shopify and Western Union. Everyone earns based on the OUSD they put into circulation, plus a chance for equity in Open Standard.

• DeFi aligned: Sentora’s new Aave V4 proposal already lists OUSD as a borrowable asset alongside RLUSD and PYUSD.

• Big picture: Tether got rich by keeping its float, and Circle is paying Coinbase a lot for its reach. In contrast, OUSD makes payment the product, and if this model persists, the stablecoin war will likely turn into a bidding war for distribution.