--- title: "Open Standard Launches OUSD Stablecoin on Solana With Stripe Integration" description: "Backed by Coinbase, Mastercard, Shopify, Stripe, and Visa, the new Open USD stablecoin debuts with zero-fee minting and burning to challenge dominant market incumbents." url: https://basisdesk.news/analysis/open-standard-launches-ousd-stablecoin-solana-stripe published: 2026-10-07T14:02:32.276Z modified: 2026-10-07T14:02:32.276Z section: Stablecoins & Payments author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [OUSD, SOL, USDC, USDT] tags: [solana, stripe, enterprise-payments, treasury-management, fintech] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Open Standard Launches OUSD Stablecoin on Solana With Stripe Integration Backed by Coinbase, Mastercard, Shopify, Stripe, and Visa, the new Open USD stablecoin debuts with zero-fee minting and burning to challenge dominant market incumbents. ## At a glance - **What happened:** Open Standard launched its native OUSD stablecoin on Solana with backing from Coinbase, Mastercard, Shopify, Stripe, and Visa, alongside immediate integration into Stripe's payment APIs. - **Why it matters:** OUSD eliminates variable minting and burning fees, offering corporate treasuries and fintech platforms a zero-cost fiat gateway to settle transactions on a high-speed public blockchain. - **Who is affected:** Fintech developers, global remittance companies, corporate treasury departments, and merchants using Stripe's payment infrastructure. - **Takes effect:** 2026-09-30 - **What's next:** Open Standard will publish monthly reserve attestations, and over 200 committed partner companies will begin integrating the stablecoin into their payment flows. - **Status:** announced - **Primary source:** [Open USD Is Live on Solana](https://solana.com/news/open-usd-is-live-on-solana) — Solana News ## Key points - Open Standard, founded by Coinbase, Mastercard, Shopify, Stripe, and Visa, launched the OUSD stablecoin natively on Solana with over $1 billion in committed liquidity. - OUSD eliminates variable minting and burning fees, charging only a small, predictable transaction fee to lower the cost of enterprise treasury operations. - Stripe has integrated OUSD across its developer stack, allowing businesses to fund Stripe Treasury accounts and issue stablecoin cards. ## Editorial remark - **Context:** The stablecoin market has historically been dominated by centralized issuers charging variable fees for fiat conversion. To bypass these friction points, a consortium of the world's largest payment and e-commerce companies formed Open Standard to establish a highly liquid, zero-conversion-fee alternative built directly on modern blockchain infrastructure. - **Impact:** Fintech developers, remittance firms, and global payroll platforms can now bypass expensive legacy banking rails and variable stablecoin mint/burn fees. Solana benefits from increased institutional transaction volume, solidifying its position as a primary settlement layer for enterprise payment applications. - **Watch:** The release of the first monthly reserve attestation by Bridge, BlackRock, Lead Bank, and BNY, which will confirm the backing and transparency of the initial $1 billion liquidity pool. A consortium of payment and technology giants has launched a new dollar-backed stablecoin designed to eliminate the friction of enterprise treasury operations and cross-border settlements. Open Standard—founded by Coinbase, Mastercard, Shopify, Stripe, and Visa—has deployed its native Open USD ($OUSD) stablecoin on the Solana network [1]. Concurrently, Stripe has integrated the asset across its financial technology stack, enabling businesses to mint, burn, and transact with the stablecoin [3]. The launch represents a direct challenge to established stablecoin issuers by removing the conversion fees that typically restrict institutional adoption [3]. By leveraging Solana's high-throughput infrastructure, the consortium aims to capture a share of the rapidly growing stablecoin settlement market, which has already surpassed $5 trillion in volume on Solana alone in 2026 [1]. ## Enterprise-Grade Architecture on Solana Unlike wrapped tokens that require complex cross-chain reconciliation, OUSD is issued natively on the Solana blockchain [1]. This native architecture is critical for corporate treasuries, as it eliminates the smart contract and bridge risks associated with wrapped assets, simplifying credit evaluations and compliance reviews [1]. The technical deployment utilizes Solana's Token-2022 standard, which supports advanced institutional features such as protocol-level confidential transfers [1]. This standard is already utilized on the network by other major payment processors, including PayPal, Fiserv, and Western Union [1]. To establish immediate market depth, the five founding partners have committed more than $1 billion in initial liquidity [1]. The stablecoin is issued by Bridge, with its reserves managed by major financial institutions including BlackRock, Lead Bank, and BNY [1]. Open Standard has committed to publishing reserve attestations on a monthly basis to maintain transparency [1]. ## Zero-Fee Minting and Stripe Integration To drive adoption among fintechs, remittance providers, and global payroll platforms, Open Standard has eliminated the variable minting and burning fees that historically made stablecoin conversions cost-prohibitive [3]. Instead of charging fees to move in and out of fiat, Open Standard charges a small, predictable transaction fee on transfers [3]. Businesses that adopt and transact with OUSD can also earn network rewards [3]. Stripe has integrated OUSD alongside its existing stablecoin options, allowing developers to access the asset via Stripe's APIs [3]. This integration includes Bridge orchestration, Privy embedded wallets, and stablecoin card issuance through Stripe Issuing [3]. Furthermore, businesses can hold OUSD directly within Stripe Treasury accounts, which can be funded via crypto wallets on Solana, Base, Ethereum, and Tempo, or through traditional fiat rails like ACH, SEPA, and wire transfers [3]. ## Implications for Global Payments The entry of major payment networks like Visa and Mastercard into native stablecoin issuance, combined with Stripe's distribution network, signals a shift toward mainstream corporate adoption of public blockchains. By utilizing Solana, where the median transaction fee is approximately $0.0013, enterprises can execute micro-transactions, real-time card settlements, and foreign exchange conversions that were previously economically unviable under legacy banking rails [1]. This institutional push coincides with broader retail-focused stablecoin expansions. For example, crypto exchange OKX has launched "OKX Money," a standalone digital dollar application designed to lower the barrier for the estimated 70% of its target demographic that has never interacted with a crypto application [2]. The app allows users to hold, spend, and earn up to 10% APY on eligible stablecoin balances like USDG, USDC, and USDT with zero foreign exchange fees [2]. ## What to Watch The immediate focus for the market will be the growth of OUSD's circulating supply and its integration rate among the 200-plus companies that have committed to adopting the asset, including UBS, SBI Holdings, and Jeeves [1]. Additionally, observers should monitor the monthly publication of reserve attestations at reserves.bridge.xyz/ousd to verify the composition and stability of the underlying treasury assets [1]. ## FAQ **What is Open USD (OUSD)?** OUSD is a dollar-backed stablecoin created by Open Standard, an independent company founded by Coinbase, Mastercard, Shopify, Stripe, and Visa to facilitate global money movement. **How does OUSD lower costs for businesses?** Unlike traditional stablecoins that charge variable fees to convert in and out of fiat currencies, OUSD allows businesses to mint and burn the asset at no cost, charging only a small, predictable transaction fee on transfers. **Where are the reserves for OUSD held?** OUSD reserves are held at major financial institutions including BlackRock, Lead Bank, and BNY, with attestations published monthly. ## Sources 1. [Open USD Is Live on Solana](https://solana.com/news/open-usd-is-live-on-solana) — Solana News, 2026-09-30 2. [Introducing OKX Money: Digital Dollars That Keep Up With Modern Life](https://www.okx.com/en-gb/learn/okx-money-launch-select-markets) — okx.com, 2026-10-06 3. [OUSD is now available on Stripe](https://stripe.com/newsroom/news/ousd-is-now-available-on-stripe) — stripe.com, 2026-09-30 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai