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      Open Standard's OUSD Stablecoin Sees Rapid Growth of $626.3 Million in First Week

      Open Standard's new stablecoin, Open USD (OUSD), has experienced a significant increase in market capitalization, adding $626.3 million within its first week of operation. Launched on September 30, 2026, OUSD is backed by a consortium that includes major players in the payments industry such as Coinbase, Mastercard, Shopify, Stripe, and Visa. The stablecoin is designed to operate across multiple blockchains, including Ethereum, Base, Solana, and Tempo, and has quickly reached a circulating supply of approximately $666 million to $668 million, following an initial supply of between $468 million and $477 million.

      The business model of OUSD distinguishes it from other large stablecoins. Unlike traditional models where issuers retain most of the interest earned from reserve assets, OUSD employs a shared-economics approach that directs reserve earnings primarily to its partner businesses. This innovative strategy, combined with fee-free minting and burning, aims to disrupt the market currently dominated by Tether's USDT and Circle's USDC.

      OUSD is positioned not just as a trading vehicle but as a payment solution, aligning with the interests of its partners who facilitate transactions for merchants and consumers. While the recent growth is notable, it remains to be seen whether the initial liquidity support of over $1 billion will translate into sustained demand and whether the extensive partner network will successfully integrate OUSD into their products.

      © 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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