Open USD Start With $477 Million Supply

Open Standard don launch Open USD (OUSD) on September 30, and circulating supply pass 477 million tokens for the first day. The dollar-backed stablecoin dey give businesses new ways to integrate payments, settlement, and corporate money management, plus one model wey dey share reserve earnings with companies wey participate.

Bridge Dey Issue Open USD With Dollar Reserves

Bridge, one Stripe company, na im dey issue the stablecoin, while Open Standard dey run the program. According to the launch announcement, dem hold reserves for BlackRock, Lead Bank, and BNY, and dem schedule reserve attestations to publish every month.

Bridge dashboard, wey dem update by 8:00 p.m. UTC on September 30, report say 477,469,485 tokens dey circulation and reserve assets get equal dollar value. Cash represent approximately $266.2 million, or 55.8%. The remaining $211.2 million dem allocate am to Treasury assets, including money market funds wey hold Treasury bill ladders with durations under three months.

The five founding partners dey invest for Open Standard and dey help establish supply. The company September 24 announcement outline more than $1 billion near-term launch liquidity, wey broad pass the amount wey dem don already record for circulation.

Open Standard dey plan board wey go come from im founding partners and go represent shareholders. Businesses wey participate fit still earn equity based on the supply and activity wey dem generate.

Free Dollar Conversion and Shared Earnings

Business integrations open through BVNK, Stripe, and the Visa Stablecoin Platform on September 30, and Coinbase access schedule for October 1. Open Standard present four integration paths under Coinbase, Mastercard, Stripe, and Visa, wey cover services like wallets, settlement, foreign exchange, and connections between bank accounts and blockchain assets.

Each path support minting and redemption at one token per U.S. dollar without conversion fee. Businesses go access these services through their chosen provider, subject to the provider onboarding and eligibility requirements.

The program still dey distribute reserve earnings to businesses wey participate after small management fee. Rewards depend on the OUSD supply and activity wey partners bring come their platforms. More than 200 financial institutions, fintech companies, and other businesses don sign up.

Open Standard revenue model include separate transaction component. CEO Zach Abrams describe small transaction fee wey dem dey charge developers for September, alongside the policy of free minting and redemption.

The intended applications include merchant settlement, institutional trading, and corporate treasury management. Abrams describe how merchants fit receive and deploy proceeds round the clock, while businesses fit move idle funds enter and commot from tokenized money market products.

Brale Role for Cardano Stablecoin Infrastructure

Brale join Open Standard partner network after dem announce im Cardano Foundation partnership on November 13, 2025. That collaboration dey target regulated issuance of customized, fiat-backed stablecoins directly on Cardano.

Im scope include token issuance and management, custody, reserve operations, and conversion between fiat money and stablecoins. The partnership announcement identify cross-border payments, payroll, business settlement, and corporate treasury operations as potential applications.

For Cardano developers and institutions, these services dey address the operational requirements behind digital dollars: to maintain reserves, connect to banking services, and support issuance and redemption.

The Cardano Foundation welcome Open USD announcement on July 2, highlight Brale participation as launch partner. Dem still talk say dem dey explore additional integration options.

For launch, native OUSD support cover Ethereum, Solana, Base, and Tempo. Open Standard don publish official token addresses for those networks and open business integration routes through im distribution partners. The launch announcement no include any Cardano deployment or timetable.