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Open USD (OUSD), a new dollar stablecoin created with Coinbase, Mastercard, Shopify, Stripe and Visa as founding partners, went live on Solana on Sept. 30. Its launch is aimed at businesses. Anyone who comes across the token can still check its official address and the issuer's published reserve figures.

What launched

A stablecoin is a token designed to stay worth one U.S. dollar. In its Sept. 30 announcement, Open Standard said businesses and developers can now start building with OUSD. The Solana Foundation published its own post about the Solana launch the same day.

The announcement lists the basics:

OUSD is issued by Bridge, a Stripe company.
Reserves are held at BlackRock, Lead Bank and BNY.
Reserve attestations are to be published monthly.
The token is supported natively on Base, Ethereum, Solana and Tempo.
Business tools are available through BVNK, Stripe and the Visa Stablecoin Platform, and through Coinbase starting Oct. 1.

The announcement says OUSD will be available on exchange venues "starting with Coinbase, Kraken, and Uniswap." That wording describes a plan. The announcement does not say which venues trade OUSD on Solana today.

Who can mint and redeem it

Open Standard says all four of its integration paths support minting and burning OUSD at a 1:1 dollar rate at no cost. Minting creates new tokens in exchange for dollars. Burning destroys tokens and returns dollars. The announcement describes these tools as being for businesses and developers. It does not say whether an individual can redeem OUSD for dollars directly with the issuer.

What "native on Solana" means

The Solana Foundation says OUSD is issued natively on Solana. In its words, there is no wrapped version, meaning no separate token that stands in for OUSD held on another network. The post says the token uses Token-2022, a Solana token standard with extra built-in features.

For a holder, the practical point is the address. Open Standard lists the official Solana token address as ousd2mJsPEckLHcSCDxyKD7NDGARZcfLbDZkKiatYHB, with a block explorer link. Anyone can create a token with a similar name, so compare an address against the issuer's own page rather than a search result or a message from a stranger.

What the reserve page shows

Bridge runs a public reserve page for OUSD. When we read it, the page said it was last updated Oct. 3, 2026, at 11:50 a.m. UTC. It showed:

666,212,751 OUSD in circulation.
$666,212,863 in reserve assets, described as 100.00 percent collateralized and $112 over.
$77,968,460 in cash, about 11.7 percent of reserves.
$588,244,291 in Treasuries, about 88.3 percent, including money-market funds that hold T-bill ladders with durations under three months.

The supply figure covers all four networks. The page does not break out how much of it sits on Solana. We reviewed the dashboard figures only, not a monthly attestation report. A dashboard is the issuer's own reporting, so the attestations are the part to read when they appear.

What the Solana Foundation says about demand

The Foundation's post makes several claims. It says the five founding partners committed more than $1 billion to establish OUSD liquidity, and that more than 200 companies plan to integrate the token. It says Solana has processed more than $5 trillion in stablecoin volume in 2026. Open Standard's own announcement uses the "over 200" figure for its partner network.

These are statements from organizations that benefit from the launch's success. We did not independently verify them, and a commitment to provide liquidity is not the same as measured use.

Why it matters to everyday readers

Stablecoins are the part of crypto that most often functions as money, used to send dollars across borders or move funds between apps. Each new issuer adds a choice, and each choice raises the same questions. Who issues it? Where are the reserves held? Can an individual redeem directly? Is the address in front of you the real one? The OUSD launch gives readers a current example of where to look for each answer.

What remains unknown

How much OUSD circulates on Solana compared with the other three networks.
When exchange trading on Solana opens, and on which venues.
Whether individuals can redeem OUSD directly.
What the first monthly reserve attestation will show.

Where to check

Open Standard's announcement and Bridge's reserve page are the issuer's own sources for addresses and reserve figures. Exchange help pages and announcements will show when and where OUSD becomes tradable.

Sources

Disclosure: Launch details come from Open Standard, Bridge and the Solana Foundation, which all benefit from the product's success. We read the reserve dashboard as it appeared Oct. 3, 2026, and did not review an attestation report or test a redemption. The featured image is a generated illustration. This article is not financial, legal, or investment advice. AI-assisted research and writing. Cited sources, not AI alone, support the claims.

Market context

Open USD Is Now Live on Solana. What Can Everyday Holders Verify?