Open Standard's OUSD Stablecoin Goes Live on Solana With Free 1:1 Minting for Businesses

Open USD (OUSD), the dollar stablecoin run by Open Standard and issued by Bridge, a Stripe company, went live on Solana SOL$117.84-1.3% on 30 September 2026. Open Standard's launch post lists Solana as one of four launch chains alongside Base, Ethereum and Tempo, with reserves held at BlackRock, Lead Bank and BNY. Businesses can mint and burn OUSD at 1:1 against US dollars "at no cost," the post says, through BVNK, Stripe and Visa's Stablecoin Platform today, with Coinbase joining on 1 October.

The Solana token address, per Open Standard, is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. Readers searching by ticker should check that address: Origin Protocol's Origin Dollar, an older yield-bearing stablecoin, also trades as OUSD and is unrelated.

How businesses mint and redeem OUSD on Solana

The OUSD launch is built around business on-ramps for companies that move money. Open Standard's post names three integration paths live on 30 September:

• BVNK, the stablecoin payments firm that Mastercard finished acquiring on 3 August 2026
• Stripe, Bridge's parent company
• the Visa Stablecoin Platform

Coinbase cbBTC$83,578.110.0% is scheduled to add a fourth path on 1 October. On the trading side, Open Standard lists OUSD on Coinbase, Kraken and Uniswap, with more venues planned. Bridge publishes monthly reserve attestations at reserves.bridge.xyz/ousd, according to the launch post.

Free minting and redemption matters for a payments coin. Because every listed path converts at 1:1 with no charge, a business turning a large invoice into OUSD, or cashing out at the end of the day, pays no conversion fee on either leg, much like a currency desk quoting the mid-market rate with no spread.

Open Standard's founding partners and equity model

Open Standard's ownership structure is what sets OUSD apart from USDC and USDT. Five founding partners, Coinbase, Mastercard, Shopify, Stripe and Visa, each took an equal initial equity stake and together committed more than $1 billion to build OUSD liquidity over the coming months, CoinDesk reported.

CEO Zach Abrams, who co-founded Bridge before Stripe acquired it in a $1.1 billion deal, told CoinDesk that "the overwhelming majority of our cap table is going to be distributed back to founders and non-founders based on how they help grow the network." CoinDesk reports that distribution is planned over four to five years, with partners earning equity for the OUSD supply and transaction activity they generate. Abrams expects the founding group to grow to roughly 10 to 12 companies, and the wider partner network has passed 200 firms, including UBS and SBI Holdings, per CoinDesk.

OUSD enters a market with two dominant issuers. CoinDesk puts the stablecoin market above $300 billion, with Tether USDT$0.999+0.0%'s USDT at about $143 billion in circulation and Circle USDC$1.0000.0%'s USDC at about $74 billion. Abrams framed the difference bluntly: "Every other stablecoin is building a fund. We're building money."

Open USD supply and holders on Solana at launch

OUSD starts small on Solana. Solana Compass token data shows 18.01 million OUSD in supply on Solana held by 47 wallets as of 19:24 UTC on 30 September, launch day. For scale, the same data shows 7.86 billion USDC in supply on Solana across 9.31 million holders at 19:26 UTC.

Stablecoin rails on Solana: Column N.A., record supply and Open USD

OUSD arrives in a busy month for dollar rails on Solana. On 16 September, Column N.A. launched native stablecoin rails with Solana as its default chain, and on 25 September Solana's stablecoin supply set a new all-time high. The Solana Foundation also named Jamal Raees, who previously held a role at Bridge, its GM of Payments on 24 September.

The more telling detail is who sits at the on-ramps. OUSD's access points are Stripe, Visa, Coinbase and the Mastercard-owned BVNK, so a business that already pays through one of them can mint OUSD without signing up with a new provider. Open Standard has not said how supply will split across its four chains. The figures to watch are OUSD's Solana supply once Coinbase's path opens on 1 October, and Bridge's first monthly attestation.