Open Standard issues dollar stablecoin backed by Visa, Stripe, and Mastercard

Investing.com -- A consortium backed by payment giants including Visa Inc (NYSE: V), Stripe Inc., and Mastercard Inc (NYSE: MA) has officially launched a new US dollar-pegged stablecoin, marking one of the most concerted traditional finance pushes to date into digital currency infrastructure.

The token, dubbed Open USD (OUSD) and developed by the Open Standard initiative, is now live for enterprise developers and businesses building internet-native financial services across banking, settlement, and cross-border transactions. Initial deployment is being anchored by Visa, Stripe, Coinbase Global Inc., and Mastercard-owned BVNK, with Shopify Inc. joining the group in committing to mint roughly $1 billion in total token supply to establish immediate liquidity.

Issued directly by Stripe subsidiary Bridge, OUSD is backed by dollar reserves managed across BlackRock, Lead Bank, and BNY, with monthly reserve attestations scheduled for public release. The token will operate natively across several major blockchain networks, including Ethereum, Solana, Base, and Tempo, alongside initial exchange support on venues such as Uniswap, Kraken, and Coinbase.

The rollout underscores how established payments networks are increasingly moving to integrate stablecoin technology to bypass legacy clearing constraints with cheaper, faster, and more programmable settlement rails. Momentum across the sector has gained further traction against a favorable US regulatory background, where federal policymakers have actively examined frameworks to promote dollar-backed digital assets internationally.

Despite strong institutional backing, Open Standard enters a heavily concentrated market currently dominated by Tether’s USDT and Circle’s USDC, which command the vast majority of global stablecoin liquidity. Previous attempts by incumbent payment providers to capture meaningful market share have met with limited initial adoption, a precedent OUSD seeks to counter through a partner reward structure that shares platform economics and equity with participating institutions.

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