Visa, Mastercard back launch of dollar stablecoin OUSD with Bridge as issuer

Open Standard said on September 30 it is launching Open USD (OUSD), a dollar stablecoin for payments and financial services, with Coinbase, Mastercard, Shopify, Stripe and Visa listed as founders. For high-risk PSPs, the practical point is simple: the token is being plugged into the same rails they already use for acquiring, wallets, FX and cross-border payouts.

1. OUSD is live on four blockchain networks: Base, Ethereum, Solana and Tempo. Open Standard says the token is designed for cross-border transfers, settlement, banking products and institutional trading.
2. Businesses can mint and redeem OUSD at a 1 OUSD to 1 US dollar rate without fees for those operations. That does not mean the full transaction stack is free; Open Standard explicitly notes that this does not eliminate all transaction costs.
3. At launch, access is available through BVNK, Stripe and Visa Stablecoin Platform. Coinbase access was announced for October 1. The integration tools are meant to let firms use OUSD in payment services, digital wallets, card products and foreign exchange operations.
4. Stripe has already said it will support OUSD across its products. Companies can use it to receive, hold and send funds, make international payouts and accept payments. Stripe also said it will keep supporting other stablecoins and will not require conversion of existing balances into OUSD.
5. Open Standard said OUSD reserves are held with BlackRock, Lead Bank and BNY. Reserve attestations are planned on a monthly basis, and partners in the project will be able to receive rewards based on the amount of OUSD and activity they drive on their platforms.

For PSPs and acquirers serving casino, forex, betting, crypto exchange, adult and other high-risk verticals, the detail worth watching is not the branding circus. It is the distribution: Stripe, Visa Stablecoin Platform and BVNK are already in the loop, and the token is being positioned for settlement, payouts and card-linked flows rather than as a speculative side project.