Open USD, a new stablecoin backed by more than 200 organizations, has launched with about $468 million in circulation and a distribution partnership with Stripe, one of the largest payment networks.
OUSD, issued for Open Standard, had 468.4 million tokens outstanding following its Sept. 30 debut. Reserve data showed about $468.45 million of backing assets, split between $257.2 million in cash and $211.2 million in Treasuries and short-duration money-market funds.
The token also went live on Tempo, with more than $400 million in liquidity deployed across decentralized exchanges, stablecoin swaps, and bridges.
