Stripe-Backed OUSD Launches with Major Financial Partners
- OUSD launched on September 30 with over $1 billion committed by founding partners including Coinbase, Mastercard, Shopify, Stripe, and Visa.
- Tempo reported more than $400 million in OUSD liquidity on its first day.
- OUSD is backed by U.S. dollars held at institutions like Blackrock and BNY, with monthly reserve attestations published by Bridge.
- Partners receive most of the reserve yield income, flipping the traditional stablecoin business model.
- OUSD is available natively on networks such as Ethereum, Solana, and Tempo without bridged copies.
The launch of OUSD represents a significant shift in the stablecoin landscape by redistributing reserve yield income to partners rather than retaining it within the issuing company. This strategy aims to challenge existing players like USDT and USDC by incentivizing businesses to increase OUSD’s supply and transaction volume.
With substantial backing from major financial entities and an innovative revenue-sharing model, OUSD seeks to expand its circulation rapidly across various blockchain networks while leveraging its financial partnerships for growth. Source
