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      Open Standard's OUSD Stablecoin Achieves $666.3 Million Market Cap Shortly After Launch

      Open Standard's OUSD stablecoin has reached a market capitalization of $666.3 million just days after its launch on September 30, 2026. The stablecoin has recorded an impressive $2.6 billion in transfer volume across various blockchains, despite having only 554 holders at this early stage.

      OUSD operates on multiple platforms, including Ethereum, Solana, Base, and Tempo, and has been listed on major exchanges such as Coinbase, Kraken, and Uniswap. The token maintains a stable peg of approximately $1.00, with a circulating supply estimated between 666 million and 668 million tokens. The founding partners of OUSD include prominent companies like Coinbase, Mastercard, Shopify, Stripe, and Visa, each holding equal equity stakes and collectively committing over $1 billion to initial liquidity.

      The stablecoin is issued by Bridge, a company acquired by Stripe in 2024 for $1.1 billion, and is designed to facilitate cost-effective transactions for businesses. OUSD allows companies to mint and redeem the stablecoin without fees through integrations with Stripe and Visa, with Coinbase joining this initiative on October 1. The project aims to compete in the $300 billion stablecoin market, which is currently dominated by Tether's USDT and Circle's USDC, by providing infrastructure for enterprise applications such as banking and cross-border payments.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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