Open Standard is an independent company formed to govern and operate Open USD (OUSD), a US dollar-pegged stablecoin designed as neutral open infrastructure for global payments, settlement, and the internet economy.
It was announced on June 30, 2026, backed by a consortium of 140+ leading companies and institutions (including Visa, Mastercard, Stripe, BlackRock, BNY, Coinbase, Google, American Express, and numerous banks and fintechs). OUSD went live on 2026-09-30 on Ethereum, Solana, Base, and Tempo, with Bridge (Stripe) as the issuing platform.
The company operates with collaborative governance: its board is composed of partner companies, and decision-making is intended to serve the collective interest rather than any single entity. Key features of the Open USD model include zero fees for minting and redeeming at any scale, sharing of nearly all reserve earnings with partner businesses that adopt and distribute the stablecoin (after a small management fee), and a focus on frictionless, predictable transactions for institutional and business use.
Open Standard positions Open USD to operate in compliance with US regulatory requirements under the GENIUS Act framework for payment stablecoins. Issuance and reserve operations are performed by Bridge Building Inc. (FinCEN MSB / multi-state MTL); Open Standard itself does not hold a separate issuance charter in this tracker.
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