The Open USD (OUSD) stablecoin from Open Standard is now live on Solana. Businesses can mint and burn it 1:1 for dollars at no cost, and put it to work in payments, settlement and treasury operations from day one. The new stablecoin is issued by Bridge, with reserves held at BlackRock, Lead Bank and BNY, and attestations published monthly.
Who is behind it
Coinbase, Mastercard, Shopify, Stripe and Visa came in as the five founding partners with equal initial stakes, and together have committed more than $1 billion to establish OUSD liquidity. The wider network of companies planning to integrate it has passed 200, with UBS, SBI Holdings and Jeeves among the recent names.
“A stablecoin is only as useful as the counterparties it can settle with. That is why every major stablecoin launch is happening on Solana: issuers understand it is where liquidity, neutrality, and ecosystem depth live," said Jamal Raees, General Manager of Payments, Solana Foundation. "The launch of OUSD on Solana comes with real settlement demand on day one. The network has already processed more than $5 trillion in stablecoin volume this year, and major enterprises including Western Union, Visa, PayPal, and Fiserv are leveraging the network. We look forward to helping Open Standard and its partners put OUSD on Solana to work.”
Native issuance, in plain terms
OUSD is issued natively on Solana. There is no wrapped version, meaning no token that stands in for OUSD held somewhere else, and no separate pool of liquidity to reconcile against the original. A dollar of OUSD on Solana is the instrument itself.
Native issuance matters to enterprises and institutions because it decides how a treasury team can treat the balance. Wrapped assets carry the risk of whatever holds the original and whatever moves it across networks. Native issuance removes that question from the credit memo, which is usually where these conversations stall.
The Solana mint is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. It uses Token-2022, the token standard that has been leveraged by institutions including PayPal, Fiserv and Western Union to issue regulated stablecoins on Solana; supporting extensions such as confidential transfers at the protocol level rather than in a separate contract.
Why Solana
Open Standard came to Solana for the companies already here. Payments businesses and large institutions have been running on the network for years, and each of them is now a place OUSD can be used for settlement. A new stablecoin issuing on Solana inherits existing demand for payments.
Solana is financial infrastructure for the 5.5 billion people on the internet, and stablecoins are the part of that already operating at scale. The network has processed more than $5 trillion in stablecoin volume in 2026. Supply has grown to $17.4 billion, up 18.8% year over year, and the number of addresses moving stablecoins in a given week has more than doubled in the same period. Western Union, Visa, PayPal and Fiserv all build payment products here.
Solana is the fastest growing network in payments, and the median transaction fee is around $0.0013. At that cost, a $3 payout is worth sending, a per-transaction rebate is worth calculating, and a company can settle in the shape its business actually takes rather than batching payments into weekly runs to make the fees tolerable. Volume businesses where the cost per transaction sets what is possible, such as card settlement, foreign exchange and cross-border payments, are well-suited to Solana.
Read Open Standard's announcement, and check the reserve attestations at reserves.bridge.xyz/ousd.
