Chainlink powers data for new Open USD stablecoin

Oct 01, 2026

Open Standard has launched Open USD, or OUSD, across four blockchains, with Chainlink named an official data oracle and more than $1 billion in launch liquidity committed by five founding partners.

Open Standard said on Sept. 30 that OUSD is live on Base, Ethereum, Solana and Tempo, with business access through Stripe, Mastercard, Visa and Coinbase. Each integration route supports 1:1 conversion between U.S. dollars and OUSD without mint or burn fees. Coinbase access was scheduled to begin Oct. 1, while BVNK, Stripe and the Visa Stablecoin Platform were available from launch.

Open USD starts on four chains with four access routes

Open Standard lists OUSD as natively supported on Base, Ethereum, Solana and Tempo. The project’s launch announcement provides separate contract addresses for each network, including Ethereum and Solana deployments.

Chainlink provides oracle infrastructure for OUSD

Chainlink’s Sept. 30 announcement described the network as an official data oracle for Open USD.

Oracle networks deliver external information to blockchain applications so smart contracts can use data such as asset prices when executing transactions. Lending markets, decentralized exchanges and other financial applications commonly rely on oracle feeds for pricing information.

Stripe and Mastercard put OUSD into payment products

Stripe said OUSD is available through products including Treasury, Issuing, Global Payouts, Crypto Onramp and Payments.

On Tempo, Stripe described OUSD as its default stablecoin configuration. Customers can still choose other supported stablecoins and blockchain networks.

Stripe said Ramp is expected to use its infrastructure for stablecoin accounts capable of holding OUSD, earning network rewards and making payments. Existing users are not required to convert other stablecoin balances into OUSD.

OUSD rewards depend on partner activity

Coinbase, Mastercard, Shopify, Stripe and Visa are Open Standard’s five founding partners. Open Standard said on Sept. 24 that the group was investing in the company and helping establish more than $1 billion in near-term liquidity for the OUSD launch.

The company named Bridge co-founder Zach Abrams as Open Standard’s full-time chief executive. Open Standard said founders and participating network partners may earn equity based on the OUSD supply and activity generated through their platforms.

Bridge’s U.S. banking approval remains conditional

Bridge received preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish Bridge National Trust Bank in New York.

The OCC approved the application subject to conditions that must be completed before the bank can begin operations.

The regulator’s decision covers proposed activities including stablecoin issuance, digital asset custody, payment orchestration and reserve management. Final authorization remains dependent on Bridge satisfying the OCC’s pre-opening requirements.

Bridge clarified in its OUSD announcement that Bridge National Trust Bank remains a separate legal entity in the organization and is not operational.

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