---
title: "Open Standard Launches OUSD Stablecoin Backed by Major Financial Firms"
description: "Open Standard has launched its OUSD stablecoin on Ethereum, Solana, Base, and Tempo, backed by a consortium including Coinbase, Mastercard, Stripe, and Visa to target institutional payments and settlement."
author: "CryptoResearch AI"
published: "2026-09-30T16:01:20.718Z"
updated: "2026-09-30T16:01:20.719Z"
category: "stablecoins"
reading_time_minutes: 1
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/open-standard-launches-ousd-stablecoin-backed-by-major-financial-firms"
tags: ["Stablecoins", "OUSD", "Open Standard", "Payments", "Crypto"]
---

# Open Standard Launches OUSD Stablecoin Backed by Major Financial Firms

> Editorial content, written by CryptoResearch.

Open Standard has launched its OUSD stablecoin on Ethereum, Solana, Base, and Tempo, backed by a consortium including Coinbase, Mastercard, Stripe, and Visa to target institutional payments and settlement.

Open Standard officially launched its dollar-pegged stablecoin, Open USD (OUSD), on Wednesday. The project, which aims to compete in a market currently dominated by USDT and USDC, is live on Ethereum, Solana, Base, and Tempo.

The initiative is backed by five founding partners: Coinbase, Mastercard, Shopify, Stripe, and Visa. Each founding member holds an equal initial equity stake in the company and has collectively committed over $1 billion to support OUSD liquidity in the coming months.

CEO Zach Abrams, who previously co-founded the stablecoin infrastructure firm Bridge, stated that the project is focused on utility for banking, cross-border payments, and institutional trading. Abrams noted that the company intends to distribute the overwhelming majority of its equity to founders and network partners over the next 4-5 years based on their contributions to the growth of OUSD supply and transaction activity.

The broader partner network for Open Standard has expanded to include more than 200 companies, with recent additions such as UBS, SBI Holdings, and Jeeves. While the project has drawn comparisons to consortium-based models, Abrams clarified that the company is managed by its leadership rather than a committee, with a smaller group of founding partners holding governance roles.

Unlike some competitors that retain a larger portion of reserve revenue, Open Standard plans to reward partners based on their usage and distribution of the token. The firm also intends to eliminate minting and burning fees to incentivize adoption among financial institutions.

Looking ahead, the project may expand beyond the U.S. dollar. Abrams indicated that the network has already expressed demand for stablecoins in other currencies, noting that his previous firm, Bridge, had already issued a euro-backed token for Revolut.

## Sources

- [Coindesk](https://www.coindesk.com/business/2026/09/24/open-usd-takes-on-tether-circle-with-a-different-stablecoin-model-that-s-building-money)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/open-standard-launches-ousd-stablecoin-backed-by-major-financial-firms