Bridge launches OUSD stablecoin with $1B backing from five majors
DeFi & Yields ·
Stripe-owned Bridge introduced OUSD, a dollar stablecoin built on an "open standard," going live Wednesday across Solana, Base, and Tempo, with Coinbase, Mastercard, Shopify, Stripe, and Visa as founding partners.
The five founding partners have committed $1 billion combined to back OUSD's liquidity, and each plans to integrate the stablecoin into its own business operations rather than treat it purely as a passive holding. Bridge, which Stripe acquired, built the token as part of a broader "Open Standard" framework intended to let multiple companies share a common stablecoin rail instead of each issuing separate tokens.
Coverage of the launch varies slightly on which chains carry OUSD at launch: some accounts list Solana, Base, and Tempo, while others add Ethereum to that set. That discrepancy has not been resolved across the reporting, leaving the exact multichain footprint unconfirmed pending clarification from Bridge or the Open Standard group.
Separately, at least one account describes the Open Standard initiative as backed by more than 140 firms, including Stripe, Visa, and Mastercard, and says the framework is designed to distribute reserve yield generated by OUSD back to participating partners. That yield-sharing mechanic, if accurate, would differentiate OUSD from stablecoins where reserve income accrues solely to the issuer, though the precise mechanics of how yield gets split among the 140-plus firms have not been detailed in the available material.
Five distinct sources have covered the launch, consistently citing the $1 billion liquidity commitment and the five named founding partners — Coinbase, Mastercard, Shopify, Stripe, and Visa — as the core facts, which lends the headline figures a reasonable degree of corroboration even as secondary details diverge.
What remains unclear is the full list of blockchains supporting OUSD at launch, the structure and payout timing of any reserve-yield distribution to the reported 140-plus backers, and how usage will be tracked across the founding partners' own products now that each intends to deploy the stablecoin internally. Further detail from Bridge, Stripe, or the individual partner companies would help settle those open questions.