Today in Crypto: Visa and Mastercard Join $1 Billion Bet on Stripe-Backed OUSD

Latest reporting indicates that stablecoin project open usd (OUSD) arrived on Wednesday with more than $1 billion in launch liquidity and a heavyweight cast that includes Coinbase, Mastercard, Shopify, Stripe, and Visa.

The twist is in the economics: businesses can mint and redeem OUSD at par without fees or volume caps, while participating companies collect most of the income generated by the token’s reserves.

The stablecoin launched natively across Ethereum, Base, Solana, and Tempo.

Fiat-pegged stablecoins have long offered issuers a handsome business: collect dollars, issue tokens, and earn income on the reserves.

Open Standard’s open usd (OUSD) stablecoin is trying to turn that arrangement inside out.

Dollar-pegged token went live Wednesday with more than $1 billion committed by founding partners Coinbase, Mastercard, Shopify, Stripe, and Visa.

Businesses that clear know-your-business checks can mint or redeem OUSD at par, without fees or volume caps, while partners receive most of the reserve income.

In other words, OUSD isn’t merely chasing USDT and USDC for circulation.