Payment Giants Launch Open USD Stablecoin to Kill Conversion Fees
The Open USD (OUSD) stablecoin is live, OUSD creator Open Standard said in a Wednesday (Sept. 30) blog post. Businesses can get started with OUSD through four integration paths, including Stripe, Coinbase, Mastercardand Visa, according to the post. “Each integration path offers APIs and tools that enable businesses and developers to build with OUSD across […] The post Payment Giants Launch Open…
Open Standard has launched the Open USD (OUSD) stablecoin, a money movement stablecoin designed for businesses and developers. OUSD is now available through four integration paths, including Stripe, Coinbase, Mastercard, and Visa. These paths offer APIs and tools for services like settlement, payment orchestration, trading, FX, wallets, cards, and more.
All paths support mint and burn functionalities at a 1:1 USD conversion rate, free of charge. Over 140 businesses, including Visa, Google, Mastercard, Coinbase, American Express, DoorDash, and Plasma, have signed up to use OUSD. OUSD aims to provide an open, low-cost, high-throughput, and broadly accessible alternative to existing stablecoins, eliminating conversion fees.
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