Open USD (OUSD) Pre-launch Stablecoin Tracker
OUSD
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Full launch status and history
Announced June 30, 2026 by Open Standard, an independent company operated by a board of 140+ partner businesses spanning payments, banking, fintech, tech, and crypto (Visa, Mastercard, American Express, Discover, Stripe, Adyen, BlackRock, BNY Mellon, Standard Chartered, U.S. Bank, BBVA, Coinbase, PayPay Corporation, Google, Samsung, Shopify, and more). OUSD is pitched as a GENIUS Act-compliant, fully-reserved dollar with zero mint/redeem fees and no volume limits, sharing most reserve earnings with partners after a per-transaction developer fee, a model CEO Zach Abrams (Bridge co-founder) described as incentivizing utility rather than assets under management; Abrams became full-time CEO on September 24 2026. On that date Coinbase, Mastercard, Shopify, Stripe, and Visa were named initial founding partners, each investing and helping establish OUSD supply for $1B+ in near-term launch liquidity. Fireblocks is named for settlement infrastructure. Announced to launch natively on Solana, with Stellar and Plasma also named as launch partners, targeting 'later in 2026'. No official contract address is published and the Open Standard site still describes OUSD as not yet live; CoinGecko carries only a preview placeholder. No named reserve custodian, audit, or attestation is public. Incumbents Circle, Tether, and PayPal's PYUSD are notably absent. Circle shares fell ~15-17% on the June 30 news.
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- US Dollar
- Jurisdiction
- United States
Launch Timeline
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Coinbase, Mastercard, Shopify, Stripe, and Visa named initial founding partners with $1B+ launch liquidity commitment
Open Standard named its five initial founding partners, each investing in the company and helping establish OUSD supply for more than $1 billion of near-term launch liquidity, and Zach Abrams moved from interim to full-time CEO. Open Standard publishes no contract address and the site still describes OUSD as not yet live; CoinGecko carries only a preview placeholder.
SourceOpen Standard CEO essay sets OUSD economics: 'incentivize utility, not AUM'
Zach Abrams's post described the business model: fee-free minting and redemption, a small per-transaction developer fee, and shared reserve revenue structured to reward transaction utility over assets under management. No launch date or contracts were given.
SourceOpen Standard unveils Open USD (OUSD), a partner-governed consortium stablecoin
140+ businesses back a fully-reserved dollar that shares most reserve earnings with partners, with zero mint/redeem fees and no volume limits. Circle shares fell ~15-17% on the news.
Source140+ launch partners including Visa, Mastercard, American Express, Stripe, BlackRock, Coinbase, and PayPay Corporation
SourceZach Abrams (Bridge co-founder) named interim CEO; Fireblocks selected for settlement; OUSD to launch natively on Solana
SourceThe Everything-Consortium Dollar
Open USD is the consortium dollar that 140-plus payments and banking names, including Visa, Mastercard, American Express, Stripe, BlackRock, BNY Mellon, and Coinbase, backed on June 30 2026 rather than hand reserve income to Circle. The structure has since hardened. On September 24 Open Standard named Coinbase, Mastercard, Shopify, Stripe, and Visa as initial founding partners, each investing in the company and committing supply for more than $1 billion of near-term launch liquidity, and interim CEO Zach Abrams, a Bridge co-founder, took the role full-time. Open Standard publishes no contract address, the site still describes OUSD as not live, and CoinGecko carries only a preview placeholder. The model, per Abrams, is to incentivize utility rather than assets under management, with fee-free minting and redemption and a small per-transaction developer fee. Launch is still dated only as 2026, natively on Solana. The durable constraint is alignment: five investing anchors must agree on reserve mechanics that 140 signatories will actually use.
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