POPA ReconHow it investigates

Open Standard has launched the OUSD stablecoin: Stripe, Visa, Mastercard and Coinbase are already connected

$OUSD

Open Standard has launched the OUSD stablecoin: Stripe, Visa, Mastercard and Coinbase are already connected

OpenUSD⁠ ($OUSD)

$OUSD, arc: 0x21c849fb7981be18ebfa50bf436f37e71476889c · DexScreener

Key point: most of the reserve revenue goes to the partners that distribute the token, not to the issuer. Mint and redemption are 1:1 with no fees, but redemption is limited to 10% of supply per day, and the issuer can freeze and maintain allowlists. There is no separate audit of the OUSD contracts.

Do not buy OUSD in the pool on Arc: the address 0x21c8…889c is not related to the stablecoin, the pool has liquidity of about $2.5 thousand. The real OUSD trades on Kraken (OUSDUSD).

Trade

Facts

  • Open Standard announced in X that $OUSD is launched: integrations via Coinbase, Mastercard, Stripe and Visa support 1:1 conversion to USD with no fee. [@openstandard, September 30, 2026]

  • Aave Labs put forward an ARFC to list OUSD on V3 Core and V4 Core Hub on Ethereum for deposit and borrowing only, with no collateral use. Sentora proposed OUSD in its hub on V4 as well. [@DoCryptoBred, September 30, 2026]

  • Retelling of the Aave ARFC text: reserves are held at BlackRock, BNY and Lead Bank; the token is native on Ethereum, Base, Solana and Tempo; the consortium includes 200+ partners. Issuer: Bridge Building Inc (a Bridge subsidiary of Stripe), monthly attestations by EY. [@DoCryptoBred, September 30, 2026]

  • Stripe Crypto reported that $OUSD is already available on Stripe: orchestration, embedded Privy wallets and stablecoin cards. [@StripeCrypto, September 30, 2026]

  • On Arc there is an OUSD/USDC pool on Uniswap with liquidity of about $2.5 thousand, a price of about $0.0000025 and volume of about $1.1 thousand per day. This is a different token with the same ticker, not the stablecoin. The real OUSD on Kraken is $0.9999. [dexscreener]

Awaiting

  • The Aave decision on the OUSD listing: parameters and the oracle will appear after LlamaRisk recommendations and the launch of the Chainlink feed, then Snapshot and AIP.

  • When Coinbase connects support: according to the announcement, October 1.

  • When issuance moves to Bridge National Trust Bank: final OCC approval is needed.

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