Mastercard's BVNK has launched Open USD, supporting corporate clients in minting and redeeming.

BVNK, a subsidiary of Mastercard, has launched the stablecoin Open USD (OUSD), allowing customers to mint, redeem, hold, and receive OUSD on the platform. OUSD is exchanged 1:1 with the USD balance and is available on the Ethereum, Solana, Base, and Tempo networks. BVNK provides exchanges, OTC dealers, and market makers with a 1:1 direct minting and burning channel. OUSD is currently only available to eligible BVNK corporate clients outside the European Economic Area.