Open USD Launches on Solana With Fee-Free Minting and Redemption

Open Standard launched Open USD (OUSD) on Solana on September 30, 2026. The rollout makes the dollar-denominated stablecoin available to businesses and developers on the network.

Businesses can mint and burn OUSD at a 1:1 conversion rate to U.S. dollars without a fee, according to Open Standard and the Solana Foundation. Bridge issues the stablecoin.

The launch adds a new stablecoin model to Solana’s payments and developer ecosystem. Its practical adoption will depend on liquidity, integrations and how businesses use the minting and redemption infrastructure.

Issuance, reserves and attestations

Bridge is the issuer of OUSD. Reserves are held at BlackRock, Lead Bank and BNY, while Open Standard has said monthly reserve attestations are planned.

For users and developers interacting with the asset, the official Solana OUSD token address is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. Token addresses should be checked carefully before any on-chain transaction.

The launch arrives as Solana continues to update its network infrastructure, including work covered in BTCNews.space’s report on Solana’s 250ms slot-time target.

Liquidity commitment and integration paths

Coinbase, Mastercard, Shopify, Stripe and Visa are listed as OUSD’s five founding partners. The Solana Foundation said the group committed more than $1 billion toward establishing OUSD liquidity.

Open Standard also lists integration paths involving Coinbase, Mastercard, Stripe and Visa. The announced partnerships describe the initial distribution and payments framework, rather than a guarantee of particular product availability or user adoption.

The initiative places stablecoin infrastructure alongside Solana’s wider payments strategy, following recent leadership changes at the Solana Foundation.

What the launch establishes

OUSD’s initial framework combines fee-free 1:1 minting and burning for businesses with named reserve custodians and planned monthly attestations. These features are intended to support a stablecoin that can be used across partner-connected services.

The launch itself does not establish future circulation, transaction volumes or market share. Those outcomes will depend on execution by Open Standard, Bridge, its founding partners and developers building on Solana.

Continue reading: Solana’s 250ms slot-time target on BTCNews.

Continue reading: recent leadership changes at the Solana Foundation on BTCNews.

Sources

• Solana Foundation: Open USD Is Live on Solana
• Open Standard: OUSD is live.
• CoinDesk: Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'

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