Open Standard launches OUSD stablecoin on Solana

• OUSD mints and burns 1:1 for dollars at no cost, per the release
• Reserves sit at BlackRock, Lead Bank and BNY with monthly attestations
• More than 200 companies, including UBS, SBI Holdings and Jeeves, plan to integrate it

• $1B+ committed by five founding partners to OUSD liquidity
• $17.4B total Solana stablecoin supply, up 18.8% year over year
• $0.0013 median Solana transaction fee cited in the release

OUSD is a dollar-pegged stablecoin meant for corporate payments, settlement and treasury balances rather than retail trading. It is issued by Bridge and now lives on Solana as its home network, according to the release from Open Standard.

No Wrapped Version

The release is explicit that OUSD has no wrapped counterpart on Solana. “A dollar of OUSD on Solana is the instrument itself,” the document states, meaning there is no proxy token and no separate liquidity pool to reconcile.

The mint address is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB, and the token runs on Token-2022, the standard Solana says PayPal, Fiserv and Western Union already use for regulated stablecoins.

Token-2022 And Confidential Transfers

Token-2022 supports extensions such as confidential transfers built into the protocol rather than bolted on through a separate contract. That is the mechanism the release points to when it argues OUSD inherits existing enterprise plumbing rather than building new rails.

The document does not specify which of the 200-plus companies planning to integrate OUSD have signed binding agreements versus expressed intent, nor does it give a total OUSD supply issued at launch.

Five Partners, One Network

Coinbase, Mastercard, Shopify, Stripe and Visa each took an equal initial stake as founding partners. Stripe’s presence is notable given that Bridge, the issuer of OUSD, is the stablecoin infrastructure firm Stripe acquired in 2024, putting one founding partner on both sides of the cap table.

Jamal Raees’ quote in the release attributes Solana’s stablecoin activity this year to more than $5 trillion in volume processed, and cites Western Union, Visa, PayPal and Fiserv as enterprises already running payment products on the network.

“A stablecoin is only as useful as the counterparties it can settle with. That is why every major stablecoin launch is happening on Solana: issuers understand it is where liquidity, neutrality, and ecosystem depth live.”

Jamal Raees, General Manager of Payments, Solana Foundation

What The Fee Number Buys

The release puts Solana’s median transaction fee at roughly $0.0013 and argues that cost structure makes a $3 payout worth sending and per-transaction rebates worth calculating. It names card settlement, foreign exchange and cross-border payments as the volume businesses where per-transaction cost decides what is viable.

That framing is the Foundation’s, attached to a launch it is promoting; the document does not disclose Open Standard’s own fee schedule for institutional redemption, nor any minimum ticket size for direct minting with Bridge.

The CCS read. Native issuance without a wrapped layer removes a genuine credit-memo headache for treasury desks, and Stripe sitting on both the issuer’s parent and the founding-partner list shows how concentrated this stablecoin’s early distribution actually is. Watch whether the other 200 named integrators convert into live settlement volume or stay logos on a press release.

Bridge’s first monthly reserve attestation for OUSD is the next checkpoint to watch.