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.
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, PayPal, 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 an operating fee. Zach Abrams (Bridge co-founder, now at Stripe) is interim CEO; 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 mainnet contracts, named reserve custodian, audit, or attestation are public yet. Incumbents Circle, Tether, and PayPal's PYUSD are notably absent — Circle shares fell ~15-17% on the news.
Open USD (OUSD) Pre-launch Stablecoin Tracker
OUSD
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- US Dollar
- Jurisdiction
- United States
Launch Timeline
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/subscribe launch ousd-open-standardActivity Timeline
Open 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 PayPal
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 what happens when 140-plus of the biggest names in payments and banking — Visa, Mastercard, American Express, Stripe, BlackRock, BNY Mellon, Coinbase — decide they would rather split reserve income among themselves than hand it to Circle. Announced June 30, 2026 and operated by an independent company, Open Standard, whose board is drawn from its own partners, OUSD promises fee-free minting, no volume limits, and most of the reserve yield routed back to the businesses that adopt it. The pitch is GENIUS Act compliance and neutral, shared governance; the reality, for now, is a launch announcement with no mainnet contracts, named custodian, or attestation. Markets took it seriously anyway — Circle's stock fell roughly 15-17% on the news, even though some OUSD backers such as BlackRock and BNY are also core partners in Circle's own ecosystem. The unresolved question is the one that has dogged every mega-consortium before it: 140 partners are easy to announce and very hard to align. Launch is promised 'later in 2026,' natively on Solana, with Stellar and Plasma also named as partners.
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