The Open USD (OUSD) stablecoin from Open Commonplace is now dwell on Solana. Companies can mint and burn it 1:1 for {dollars} for gratis, and put it to work in funds, settlement and treasury operations from day one. The brand new stablecoin is issued by Bridge, with reserves held at BlackRock, Lead Financial institution and BNY, and attestations revealed month-to-month.
Who’s behind it
Coinbase, Mastercard, Shopify, Stripe and Visa got here in because the 5 founding companions with equal preliminary stakes, and collectively have dedicated greater than $1 billion to ascertain OUSD liquidity. The broader community of corporations planning to combine it has handed 200, with UBS, SBI Holdings and Jeeves among the many current names.
“A stablecoin is barely as helpful because the counterparties it may well settle with. That’s the reason each main stablecoin launch is occurring on Solana: issuers perceive it’s the place liquidity, neutrality, and ecosystem depth dwell,” stated Jamal Raees, Basic Supervisor of Funds, Solana Basis. “The launch of OUSD on Solana comes with actual settlement demand on day one. The community has already processed greater than $5 trillion in stablecoin quantity this yr, and main enterprises together with Western Union, Visa, PayPal, and Fiserv are leveraging the community. We sit up for serving to Open Commonplace and its companions put OUSD on Solana to work.”
Native issuance, in plain phrases
OUSD is issued natively on Solana. There isn’t any wrapped model, which means no token that stands in for OUSD held some place else, and no separate pool of liquidity to reconcile towards the unique. A greenback of OUSD on Solana is the instrument itself.
Native issuance issues to enterprises and establishments as a result of it decides how a treasury group can deal with the stability. Wrapped property carry the chance of no matter holds the unique and no matter strikes it throughout networks. Native issuance removes that query from the credit score memo, which is often the place these conversations stall.
The Solana mint is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. It makes use of Token-2022, the token commonplace that has been leveraged by establishments together with PayPal, Fiserv and Western Union to problem regulated stablecoins on Solana; supporting extensions resembling confidential transfers on the protocol degree reasonably than in a separate contract.
Why Solana
Open Commonplace got here to Solana for the businesses already right here. Funds companies and huge establishments have been operating on the community for years, and every of them is now a spot OUSD can be utilized for settlement. A brand new stablecoin issuing on Solana inherits current demand for funds.
Solana is monetary infrastructure for the 5.5 billion folks on the web, and stablecoins are the a part of that already working at scale. The community has processed greater than $5 trillion in stablecoin quantity in 2026. Provide has grown to $17.4 billion, up 18.8% yr over yr, and the variety of addresses transferring stablecoins in a given week has greater than doubled in the identical interval. Western Union, Visa, PayPal and Fiserv all construct fee merchandise right here.
Solana is the quickest rising community in funds, and the median transaction charge is round $0.0013. At that value, a $3 payout is value sending, a per-transaction rebate is value calculating, and an organization can settle within the form its enterprise truly takes reasonably than batching funds into weekly runs to make the charges tolerable. Quantity companies the place the price per transaction units what is feasible, resembling card settlement, international change and cross-border funds, are well-suited to Solana.
Learn Open Commonplace’s announcement, and examine the reserve attestations at reserves.bridge.xyz/ousd.
