{"id":78885,"date":"2026-09-30T19:13:09","date_gmt":"2026-09-30T19:13:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/visa-and-mastercard-join-1-billion-bet-on-stripe-backed-ousd\/"},"modified":"2026-09-30T19:13:09","modified_gmt":"2026-09-30T19:13:09","slug":"visa-and-mastercard-join-1-billion-bet-on-stripe-backed-ousd","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/visa-and-mastercard-join-1-billion-bet-on-stripe-backed-ousd\/","title":{"rendered":"Visa and Mastercard Join $1 Billion Bet on Stripe-Backed OUSD"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">OUSD launched Sept. 30 with more than $1 billion committed by five founding partners.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tempo reported over $400 million in OUSD liquidity on its first day.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Open Standard gives OUSD partners reserve yield as it takes on USDT and USDC.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Stripe-Backed OUSD Lands With $1 Billion and a Different Stablecoin Bet<\/h2>\n<p><a href=\"https:\/\/news.bitcoin.com\/what-are-stablecoins-a-simple-explanation-of-the-digital-asset-bridging-crypto-and-fiat\/\">Fiat-pegged stablecoins<\/a> have long offered issuers a handsome business: collect dollars, issue tokens, and earn income on the reserves. Open Standard\u2019s open usd (OUSD) stablecoin is trying to turn that arrangement inside out. The U.S. dollar-pegged token <a href=\"https:\/\/joinopenstandard.com\/blog\/ousd-is-live\/\" target=\"_blank\" rel=\"noopener noreferrer\">went live Wednesday<\/a> with more than $1 billion committed by founding partners Coinbase, Mastercard, Shopify, Stripe, and Visa.<\/p>\n<p>Businesses that clear know-your-business checks can mint or redeem OUSD at par, without fees or volume caps, while partners receive most of the reserve income. In other words, OUSD isn\u2019t merely chasing USDT and USDC for circulation. It\u2019s taking a crack at who gets paid for putting those dollars into circulation.<\/p>\n<h2>A Stablecoin That Shares the Till<\/h2>\n<p>Open Standard <a href=\"https:\/\/news.bitcoin.com\/140-firms-including-coinbase-and-ripple-launch-the-new-open-usd-stablecoin\/\">first took the wraps off the project<\/a> on June 30 with more than 140 companies committed. By Wednesday, that roster had climbed above 200, covering banks, card networks, fintech firms, commerce platforms, and crypto infrastructure providers. Coinbase, Mastercard, Shopify, Stripe, and Visa hold equal initial equity stakes, while much of the remaining ownership is intended for partners that actually increase OUSD supply and transaction volume over the coming years.<\/p>\n<p>The machinery is fairly straightforward. OUSD is backed 1:1 by U.S. dollars, with reserves held at <a href=\"https:\/\/news.bitcoin.com\/stablecoins\/bitcoin-losing-ai-payments-battle-per-blackrock-but-not-the-war\/\">financial institutions like Blackrock<\/a>, Lead Bank, and BNY. Bridge, which Stripe bought for $1.1 billion in 2024, issues the token and publishes monthly reserve attestations. Open Standard keeps a small management fee, while partners collect the rest of the reserve yield. That flips a familiar stablecoin business model, where the issuer typically hangs on to the income generated by the float.<\/p>\n<p>\u201cWe want to be the most useful stablecoin, the same way the U.S. dollar is useful. Every other stablecoin is building a fund. We\u2019re building money,\u201d CEO Zach Abrams said.<\/p>\n<h2>Four Chains, No Bridged Copies<\/h2>\n<p>OUSD went live natively on blockchain networks <a href=\"https:\/\/news.bitcoin.com\/ethereum-explained-a-beginners-guide\/\">such as Ethereum<\/a>, the Coinbase-incubated Layer 2 network Base, Solana, and Stripe-aligned Tempo, meaning there isn\u2019t one original token with bridged copies scattered around. Each network gets a native version. Access initially runs through Stripe, Mastercard-owned BVNK, and the Visa Stablecoin Platform, while Coinbase support begins Oct. 1. Coinbase, Kraken, and Uniswap are the first exchange venues.<\/p>\n<p>Tempo supplied the first eye-popping number. The network reported more than $400 million in OUSD liquidity on day one, and Tempo Chief Business Officer Dan Romero explained that the chain is aiming for roughly $1 billion within a few months. Aave Labs has also filed a proposal to add OUSD as a supply-and-borrow asset on Aave V3 Core and V4 Core Hub, although not initially as collateral.<\/p>\n<h2>The Heavyweights Are Already at the Table<\/h2>\n<p>The partner sheet reads less like a crypto startup roster and more like a payments convention. Visa, Mastercard, American Express, Discover, Blackrock, BNY, Standard Chartered, U.S. Bank, Google, Shopify, Coinbase, Ripple, Western Union, and others are involved. UBS and <a href=\"https:\/\/news.bitcoin.com\/sbi-holdings-and-solana-foundation-partner-to-launch-japans-on-chain-financial-markets\/\">Japan\u2019s SBI Holdings<\/a> later joined. USDC issuer Circle, notably, isn\u2019t a partner.<\/p>\n<p>Stripe\u2019s Will Gaybrick said OUSD will become Stripe\u2019s default stablecoin for businesses, while executives from Visa, Mastercard, and Coinbase have stressed that they remain committed to supporting multiple coins rather than replacing USDC.<\/p>\n<p>While Circle\u2019s stock was initially hit when Open Standard first revealed the project, today, the news didn\u2019t do much for the USDC issuer\u2019s shares. However, CRCL, traded on the New York Stock Exchange (NYSE), is <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-CRCL\/\" target=\"_blank\" rel=\"noopener noreferrer\">down 10% over the last five trading sessions<\/a> and about 38% lower over the last 12 months. Wednesday\u2019s trading session showed CRCL trading down slightly by mid-day.<\/p>\n<h2>The Billion-Dollar Question<\/h2>\n<p>For all the marquee names, Open Standard doesn\u2019t escape the old stablecoin problem. Distribution is everything. Bridge retains upgrade, pause, freeze, and allowlist powers, while the five founding companies control the early equity. Partners must also meet undisclosed activity thresholds to earn ownership.<\/p>\n<p>And USDT and USDC already have something OUSD cannot manufacture overnight: entrenched liquidity across major trading venues. The newcomers have put a tidy sum on the table, but $1 billion in commitments and $400 million on Tempo now have to turn into actual circulation. A stablecoin backed by some of the biggest names in payments has arrived. The interesting part will be seeing whether those companies and their customers will actually use it.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/only-0-52-bitcoin-working-onchain-heres-why\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/only-0-52-bitcoin-working-onchain-heres-why\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/only-0-52-bitcoin-working-onchain-heres-why\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2026%2F09%2Fonly-0-52-of-bitcoin-is-working-onchainheres-why-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">Only 0.52% of Bitcoin Is Working Onchain\u2014Here\u2019s Why<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">Only 104,105 BTC, worth about $8.7 billion, is currently deployed in productive onchain strategies, according to a joint report from\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/stablecoins\/visa-mastercard-join-1-billion-bet-stripe-backed-ousd\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways OUSD launched Sept. 30 with more than $1 billion committed by five founding partners. Tempo reported over $400 million in OUSD liquidity on its first day. Open Standard gives OUSD partners reserve yield as it takes on USDT and USDC. Stripe-Backed OUSD Lands With $1 Billion [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":78886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78885"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78885"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78886"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}