Open Standard Stablecoin OUSD Officially Launched, Issued by Stripe's Bridge

Foresight News reports that Open Standard announced via a tweet that its stablecoin, Open USD (OUSD), has officially launched. Businesses and developers can now build financial services and products based on OUSD. OUSD is issued by Bridge, a subsidiary of Stripe, with reserve assets held by BlackRock, Lead Bank, and BNY Mellon. Proof of reserves will be published monthly. Businesses can now access OUSD through Mastercard, Stripe, and Visa's stablecoin platforms. Coinbase will support OUSD starting October 1, with all access methods allowing free minting and redemption at a 1:1 ratio. OUSD will natively support the Base, Ethereum, Solana, and Tempo networks and will initially be available on Coinbase, Kraken, and Uniswap.