TREE NEWS update: Open Standard’s dollar stablecoin OUSD went live on Base, Ethereum, Solana and Tempo, backed by more than 100 companies including Visa, Stripe and Mastercard. The token is issued by Stripe-owned Bridge, with reserves held by BlackRock, Lead Bank and BNY, and offers free 1:1 minting and redemption. Visa, Stripe, BVNK, Coinbase and Shopify committed to mint roughly $1 billion of OUSD, with Coinbase following on October 1.
Open Standard’s OUSD Stablecoin Launches on Base, Ethereum, Solana and Tempo
The notable signal here is not another dollar token but the distribution stack behind it: card networks, a payments processor and a retail platform committing to mint at launch suggests stablecoins are being treated as settlement plumbing rather than a crypto-native product. That matters most for issuers and payment firms competing on redemption terms, since free 1:1 minting removes a common revenue lever. Whether this coalition translates into actual payment volume, rather than treasury allocation, is the open question to watch.
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