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OUSD backers set 0.1 basis point fee and share reserve yield with partners

NewsFeeds update

Open Standard, the governance body behind the OpenUSD (OUSD) stablecoin launched by Stripe, Visa, Mastercard, Coinbase and Shopify, will charge a 0.1 basis point management fee capped at $0.01 per payment. Unlike USDT and USDC issuers, it will pass reserve yield to partners and keep only the fee.

StablecoinsPANewsAIBullish

Read the original on PANews

The story so far: Open Standard OUSD stablecoin launch

Open Standard launched OUSD with Coinbase, Mastercard, Shopify, Stripe and Visa as founding partners, and Stripe adopted it for corporate payments. Stripe's Global Payouts now lets eligible US businesses send USDC and OUSD to external crypto wallets in over 160 markets, in public preview.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Open Standard updates structure; Zach Abrams leaves Stripe to become full-time CEO

  2. Open Standard stablecoin OUSD launches, issued by Stripe's Bridge

  3. Stripe adopts OUSD as default stablecoin for business payments

  4. Coinbase, Mastercard, Shopify, Stripe and Visa back new stablecoin Open USD

  5. Open Standard launches OUSD stablecoin with contribution-based equity plan

  6. Open Standard's OUSD stablecoin tops $470m supply two hours after launch

  7. Chainlink chosen as price oracle for Open Standard's OUSD stablecoin

  8. Coinbase adds OUSD transfers on Base, Ethereum, Solana and Tempo

  9. Mastercard to offer OUSD stablecoin transactions to businesses via BVNK

  10. Mastercard announces Solana-based stablecoin OUSD

  11. OUSD backers set 0.1 basis point fee and share reserve yield with partners

  12. Stripe lets US businesses send USDC and OUSD to wallets in over 160 markets

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Every Stablecoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.