Open Standard Launches OUSD Stablecoin with Partner-Owned Equity Model

Open Standard has officially launched its USD-pegged stablecoin, OUSD, on Ethereum, Solana, Base, and Tempo. Unlike Tether and Circle, which retain interest income, Open Standard plans to distribute the majority of its equity to partners over 4-5 years based on their contribution to the coin's growth. The project launched with over $1 billion in initial liquidity from 140 partners, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. The announcement previously impacted Circle (CRCL) shares, which fell 15-17% amid concerns over potential loss of reserve interest revenue.