@Mastercard is rolling out support for the newly launched @OpenStandard$OUSD stablecoin through its wholly owned stablecoin infrastructure subsidiary @BVNKFinance, giving corporate clients a
@Mastercard is rolling out support for the newly launched @OpenStandard$OUSD stablecoin through its wholly owned stablecoin infrastructure subsidiary @BVNKFinance, giving corporate clients a direct path to stablecoin-based commercial settlement without replacing the accounting and payment systems they already use.
The deployment routes enterprise connectivity through BVNK's existing rails. Financial institutions, distributors, and enterprises will be able to access $OUSD through BVNK alongside fiat currencies and other stablecoins, helping them move across different forms of money through infrastructure they already use. That means corporate clients and commercial merchants can initiate, transfer, and settle transactions in $OUSD without costly custom software overhauls.
From launch day, businesses can mint and redeem $OUSD 1:1 against the US dollar at no cost through BVNK, which is owned by Mastercard, as well as through Stripe and the Visa Stablecoin Platform.
The token, dubbed Open USD ($OUSD) and developed by the Open Standard initiative, is now live for enterprise developers and businesses building internet-native financial services across banking, settlement, and cross-border transactions.Its founding partners, Coinbase, Mastercard, Shopify, Stripe, and Visa, have committed more than $1 billion to seed initial liquidity.
Issued directly by Stripe subsidiary Bridge, $OUSD is backed by dollar reserves managed across BlackRock, Lead Bank, and BNY, with monthly reserve attestations scheduled for public release.The token operates natively across several major blockchain networks, including Ethereum, Solana, Base, and Tempo, alongside initial exchange support on venues such as Uniswap, Kraken, and Coinbase.
Mastercard's position as a distribution partner reflects its $1.8 billion acquisition of BVNK. The card network closed on an earlier $1.8 billion agreement to acquire digital asset technology firm BVNK, enabling Mastercard to enhance its ability to support payment processing, particularly for international transactions.The BVNK platform processes roughly $30 billion in annualized payment volume, a figure that grew about 2.3x year over year through 2025.
The rollout underscores how established payments networks are increasingly moving to integrate stablecoin technology to bypass legacy clearing constraints with cheaper, faster, and more programmable settlement rails.Total stablecoin supply stood at roughly $308 billion in August 2026, with Tether's USDT holding about 59% and Circle's USDC about 23%, meaning $OUSD enters a competitive but fast-growing market backed by some of the most recognisable names in global payments.
Sources:Mastercard: Open USD available through BVNKYahoo Finance: Open Standard issues OUSD stablecoinThe Paypers: Open Standard launches OUSD with five founding partners
