<h2 id="header-0">Open USD Stablecoin News</h2>
Open Standard launched its dollar-backed stablecoin, Open USD (OUSD), on Sept. 30. Businesses can now use the token to build financial products across banking, cross-border payments, settlement, and institutional trading.
OUSD is issued by Bridge, a company owned by Stripe, with reserves held at BlackRock, Lead Bank and BNY. Bridge plans to publish reserve attestations on a monthly basis. The token is<a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/peg"> pegged</a> to the US dollar at a 1:1 ratio, with minting and burning available at no cost across every integration path.
<h2 id="header-1">Four Paths To Start Building</h2>
Developers can access OUSD through four separate integration routes, each offering APIs and tools covering settlement, payment orchestration, trading, foreign exchange, wallets, and card issuance. Businesses can begin building with Mastercard, Stripe, and the Visa <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/glossary/stablecoin">Stablecoin </a>Platform immediately, with Coinbase access opening on Oct. 1.
The token is natively supported on four blockchains: Base, Ethereum, Solana and Tempo. It will also become available across centralized and decentralized exchanges, starting with Coinbase, Kraken, and Uniswap, with additional venues expected over time.
Stripe confirmed on its own blog that OUSD is now integrated across its stablecoin product stack, including Treasury, Issuing, and Global Payouts, and is available for fiat conversions through its Crypto Onramp tool. Stripe said it will continue expanding OUSD's availability across its products by default.
Related Article: <a target="_blank" rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/academy/article/what-are-stablechains-stablecoin-issuers-building-blockchains">What Are Stablechains? Why Stablecoin Issuers Are Building Blockchains</a>&nbsp;
<h2 id="header-2">Founding Partners Back the Launch</h2>
Open Standard's launch is backed by five founding companies: Coinbase, Mastercard, Shopify, Stripe and Visa. Those five, along with more than 200 additional network partners, are providing the initial distribution and liquidity for OUSD.
Partners that join Open Standard can earn rewards tied to OUSD activity on their platforms, including balances they hold on Stripe, at no cost to join. Open Standard has said this reward structure is designed to give partners a growing benefit as OUSD usage increases across their businesses.

Open USD Stablecoin Goes Live Across Four Chains

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