Open USD Is Live on Solana

What happened

Open USD is live on Solana, letting businesses mint and burn 1:1 for dollars at no cost, with over $1 billion committed to liquidity. Back to News Payments September 30, 2026 by Solana Foundation Open USD Is Live on Solana The Open USD (OUSD) stablecoin (a digital token meant to hold a fixed value, usually one dollar) from Open Standard is now live on Solana.

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.

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.

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.