Open USD (OUSD) is a fiat-backed US dollar stablecoin. It has about $733M in circulation, ranking #17 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
OUSD price
$0.9981
On peg Circulating supply
$733M
30-day change
Price
$0.9981
Blockchains
3
Tracked since
Sep 2026
What is OUSD?
Open USD (OUSD) is a fiat-backed US dollar stablecoin. It has about $733M in circulation, ranking #17 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
In the issuer's words: Open USD (OUSD) is a US dollar stablecoin operated by Open Standard, an independent company whose founding partners include Coinbase, Mastercard, Shopify, Stripe and Visa. Partners receive the earnings from OUSD's reserves, less a small management fee, and reserves are maintained at major financial institutions in compliance with US regulatory requirements.
OUSD supply history
$751M$436M
Sep 30, 2026Oct 8, 2026
$751M$436M
Sep 30, 2026Oct 8, 2026
It is at or near its all-time high.
Is OUSD holding its peg?
Last price
$0.9981
Target
1.0000 USD
Status
On pegOUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where OUSD lives: supply by blockchain
OUSD is spread across several networks. The largest, Tempo, holds 74% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How OUSD is backed
Each OUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: Businesses mint and redeem OUSD directly at no cost and with no artificial limits on volume. OUSD is issued through Bridge, which publishes live supply and reserve data.
Reserve reports and audits: reserves.bridge.xyz · github.com
OUSD risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
OUSD vs USDT and USDC
Similar fiat-backed stablecoins
See all →
OUSD in the news
Visa’s Sheffield Puts Adjusted x402 Volume at $19M — But 4,000 Wallets Drive 90% of Spending
OUSD FAQ
What is OUSD?
Open USD (OUSD) is a fiat-backed US dollar stablecoin. It has about $733M in circulation, ranking #17 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
Is OUSD pegged 1:1 to the US dollar?
OUSD targets 1 USD. At the last update it traded at $0.9981, a deviation of -0.19%, which we classify as "on peg".
What backs OUSD?
OUSD is a fiat-backed stablecoin. Each OUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is OUSD on?
OUSD is live on 3 blockchains. The largest by supply are Tempo ($493M), Ethereum ($105M), Solana ($69.6M).
How much OUSD is in circulation?
About $733M of OUSD was in circulation at the last update. That makes it the #17 stablecoin by supply among those we track.
Is OUSD safe?
No stablecoin is risk-free. As a fiat-backed design, OUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.