Open USD Stablecoin Launches with Support from Stripe, Visa, and Mastercard

Open USD (OUSD), a dollar-pegged stablecoin backed by Coinbase, Mastercard, Shopify, Stripe, and Visa, has officially launched. Businesses can now utilize OUSD through Mastercard, Stripe, and the Visa Stablecoin Platform, with Coinbase integration arriving on October 1. Issued by Stripe-owned infrastructure firm Bridge, the token operates on Ethereum, Solana, Base, and Tempo, offering 1:1 minting and burning. Reserves are held at BlackRock, Lead Bank, and BNY, with monthly attestations planned.