CoinScoopOpen Standard Launches OUSD Stablecoin with Backing from Major Financial Institutions
Open Standard has launched the OUSD stablecoin on Ethereum, Solana, Base, and Tempo, supported by founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa. The project, which has secured over $1 billion in liquidity commitments, is issued by Bridge and backed by reserves held at BlackRock, Lead Bank, and BNY. OUSD aims to facilitate cross-border payments and institutional trading, with a network of over 200 partners.
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