---
title: "Open USD (OUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/ousd-open-standard/"
description: "Build-time stablecoin profile for Open USD (OUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-07-01"
---



# Open USD (OUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

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.

## Collateral

Fully-reserved U.S. dollar backing for Open USD; Open Standard states most reserve earnings are shared with consortium partners after an operating fee. Reserve composition, custodian, and attestation are not yet public.

## Peg Mechanism

Issuer-managed 1:1 USD mint and redemption with zero fees and no volume limits for consortium partners; operated by Open Standard, an independent company governed by a board of its partner businesses. Positioned as GENIUS Act-compliant. Contracts, reserve reporting, and named custodians are pending launch.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| United States | N/A | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.