Stripe Integrates Open USD to Offer Fee-Free Stablecoin Conversions

Stripe announced a partnership with Open Standard on Sept. 30 to make the Open USD ($OUSD) stablecoin accessible to businesses on its platform ¹. The token will be offered alongside Stripe's existing stablecoin options, targeting enterprises requiring cross-border money movement ¹. Open Standard operates as an independent firm established by Coinbase, Mastercard, Shopify, Stripe, and Visa ¹.

Unlike traditional stablecoin issuers that levy variable mint and burn fees on fiat conversions, Open Standard allows companies to convert between US dollars and OUSD at zero cost ¹. Instead, the network relies on a small, standardized transaction fee ¹. Corporate users that register as Open Standard partners can also accumulate network rewards based on transaction volumes and adoption ¹.

Developer Stack and Multi-Chain Access

Developers can deploy OUSD across Stripe's infrastructure, incorporating Bridge orchestration, Privy embedded wallets, and card programs via Stripe Issuing ¹. Fintech firm Ramp has already signed on as an Open Standard partner, deploying Stripe-backed stablecoin accounts that allow corporate clients to hold OUSD balances, collect rewards, and initiate global transfers ¹.

Businesses utilizing Stripe Treasury can store OUSD directly, execute payments using corporate cards, and transmit funds to digital asset wallets across more than 100 countries ¹. Inbound account funding is supported through fiat mechanisms like ACH, SEPA, and wire transfers, alongside blockchain deposits from Tempo, Base, $ETH (Ethereum), and $SOL (Solana) ¹.