Open USD goes live natively on Solana, backed by Coinbase, Stripe and Visa
Victoria Shinder2 min readThe Open USD stablecoin, OUSD, from the Open Standard consortium is live on Solana, the Solana Foundation announced on 30 September. Businesses can mint and redeem it one-for-one against dollars at no cost.
OUSD is issued by Bridge. Its reserves are held at BlackRock, Lead Bank and BNY, and attestations are published monthly. Five founding partners, Coinbase, Mastercard, Shopify, Stripe and Visa, took equal initial stakes and together committed more than $1 billion to build liquidity. According to the announcement, more than 200 companies plan to integrate the token, with UBS, SBI Holdings and Jeeves among the latest.
The foundation stresses that OUSD is issued natively on Solana. There is no wrapped version, so no token on Solana stands in for one held elsewhere, and no separate liquidity pool has to be reconciled against an original. The argument is aimed at treasury teams: a wrapped asset carries the risk of whoever holds the original and whoever bridges it, and native issuance removes that question.
The mint address is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. The token uses Token-2022, the token standard that PayPal, Fiserv and Western Union have used for regulated stablecoins on Solana, and which supports extensions such as confidential transfers at the protocol level.
The announcement also gives network figures: more than $5 trillion in stablecoin volume on Solana so far in 2026, a stablecoin supply of $17.4 billion, up 18.8% year on year, and a median transaction fee of around $0.0013. These come from the foundation, which has an interest in the comparison.
Why it matters
A stablecoin owned by card networks, a payments processor and an exchange is a different bet from one run by a single issuer. For Solana, getting a native launch rather than a bridged copy matters more than the headline partners, because it decides whether OUSD balances there can be treated as cash.