Open Standard Deploys Native Open USD Stablecoin on Solana

Open Standard has launched its Open USD ($OUSD) stablecoin natively on Solana, enabling businesses to mint and redeem the asset at parity with the US dollar without fees ¹. Issued by stablecoin platform Bridge, the token maintains reserves custodialized across BlackRock, BNY, and Lead Bank, supported by monthly attestation disclosures ¹.

Founding partners Coinbase, Mastercard, Shopify, Stripe, and Visa contributed equal initial stakes to establish the project, pledging more than $1 billion collectively toward OUSD liquidity ¹. The broader roster of institutions preparing to integrate the token has crossed 200 firms, including UBS, SBI Holdings, and Jeeves ¹. The rollout expands upon prior ecosystem moves, such as when Stripe integrated Open USD to facilitate zero-fee conversions across payment flows.

Institutional Settlement and Token-2022

The asset relies on Solana's Token-2022 framework rather than a bridge or wrapped contract ¹. This setup provides native issuance that supports extensions such as protocol-level confidential transfers, which institutional compliance teams require to avoid cross-chain bridging risks ¹. The Solana Foundation noted that stablecoins on the network have recorded over $5 trillion in transfer volume through 2026, with circulating stablecoin supply climbing 18.8% year-over-year to $17.4 billion alongside a median transaction fee of approximately $0.0013 ¹. At the time of writing, native token $SOL traded at $117.18.