The Open USD (OUSD) stablecoin from Open Standard is now live on Solana, the Solana Foundation said in a September 30, 2026 announcement. The token is issued by Bridge, with reserves held at BlackRock, Lead Bank and BNY, and attestations published monthly, according to the foundation.
What launched
According to the Solana Foundation, businesses can mint and burn OUSD 1:1 for dollars at no cost and use it in payments, settlement and treasury operations from day one.
The foundation said the token is issued natively on Solana, with no wrapped version standing in for OUSD held elsewhere and no separate pool of liquidity to reconcile against the original. It argues native issuance matters to enterprises because wrapped assets carry the risk of whatever holds the original and whatever moves it across networks.
The Solana mint address given in the announcement is ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB. The foundation said OUSD uses Token-2022, a token standard it says has been used by institutions including PayPal, Fiserv and Western Union to issue regulated stablecoins on Solana, and which supports extensions such as confidential transfers at the protocol level.
Who is behind it
Coinbase, Mastercard, Shopify, Stripe and Visa came in as the five founding partners with equal initial stakes and have together committed more than $1 billion to establish OUSD liquidity, the Solana Foundation said.
The foundation added that the wider network of companies planning to integrate OUSD has passed 200, naming UBS, SBI Holdings and Jeeves among recent additions. Reserve attestations are published at reserves.bridge.xyz/ousd, according to the announcement.
What the Solana Foundation says
"A stablecoin is only as useful as the counterparties it can settle with. That is why every major stablecoin launch is happening on Solana: issuers understand it is where liquidity, neutrality, and ecosystem depth live," said Jamal Raees, General Manager of Payments at the Solana Foundation.
Raees added: "The launch of OUSD on Solana comes with real settlement demand on day one. The network has already processed more than $5 trillion in stablecoin volume this year, and major enterprises including Western Union, Visa, PayPal, and Fiserv are leveraging the network. We look forward to helping Open Standard and its partners put OUSD on Solana to work."
Network figures cited
The foundation said Solana has processed more than $5 trillion in stablecoin volume in 2026, that stablecoin supply on the network has grown to $17.4 billion, up 18.8% year over year, and that the number of addresses moving stablecoins in a given week has more than doubled in the same period.
It also said the median transaction fee on Solana is around $0.0013, and described card settlement, foreign exchange and cross-border payments as volume businesses well suited to the network. These figures and characterizations are the Solana Foundation's own.
What to do
- Check the OUSD reserve attestations published at reserves.bridge.xyz/ousd, as the Solana Foundation directs.
- Use the mint address ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB to identify the token on Solana, as stated in the announcement.
Key facts and where they come from
- OUSD from Open Standard is live on Solana and can be minted and burned 1:1 for dollars at no cost.
Businesses can mint and burn it 1:1 for dollars at no cost, and put it to work in payments, settlement and treasury operations from day one.
- Bridge issues the stablecoin, with reserves at BlackRock, Lead Bank and BNY and monthly attestations.
The new stablecoin is issued by Bridge, with reserves held at BlackRock, Lead Bank and BNY, and attestations published monthly.
- Five founding partners committed more than $1 billion to OUSD liquidity.
Coinbase, Mastercard, Shopify, Stripe and Visa came in as the five founding partners with equal initial stakes, and together have committed more than $1 billion to establish OUSD liquidity.
- More than 200 companies plan to integrate OUSD, including UBS, SBI Holdings and Jeeves.
The wider network of companies planning to integrate it has passed 200, with UBS, SBI Holdings and Jeeves among the recent names.
- The token uses the Token-2022 standard on Solana.
It uses Token-2022, the token standard that has been leveraged by institutions including PayPal, Fiserv and Western Union to issue regulated stablecoins on Solana
- Solana says stablecoin supply on the network reached $17.4 billion, up 18.8% year over year.
Supply has grown to $17.4 billion, up 18.8% year over year
- The foundation puts the median Solana transaction fee at around $0.0013.
the median transaction fee is around $0.0013