Open USD Launches With Stripe Partnership to Challenge USDT and USDC

Open USD (OUSD), a new stablecoin backed by over 200 organizations, has launched with approximately $468 million in circulation. Issued by Open Standard, the token is supported by reserves comprising cash and Treasuries. Stripe has partnered with Open Standard to integrate OUSD into its payment infrastructure, potentially leveraging its $1.9 trillion annual transaction volume. The token is available on Tempo, Base, Ethereum, and Solana, with founding partners including Visa, Mastercard, Coinbase, and Shopify.