Open Standard has launched a stablecoin called OUSD, with backing from Coinbase, Stripe, Visa, and Mastercard. The token, also referred to as Open USD, can be integrated with Tempo, a move the company says could significantly streamline enterprise financial operations, boosting efficiency and cutting costs.
What OUSD is and who's behind it
OUSD is a stablecoin issued by Open Standard. Coinbase, Stripe, Visa, and Mastercard are backing the token, according to the company. Those four names span crypto exchange infrastructure, payments processing, and global card networks, giving OUSD a distribution and settlement footprint that most new stablecoins don't have at launch.
Open Standard hasn't disclosed the exact structure of the backing arrangements, nor the reserve composition. What's clear is that the token is positioned for enterprise use rather than retail trading.
The Tempo integration and what it's meant to do
Open USD can be integrated with Tempo. The companies say that integration could significantly streamline enterprise financial operations, making them more efficient and reducing costs.
That's the pitch: businesses already moving money across borders, paying suppliers, or managing treasury could use OUSD plugged into Tempo instead of legacy rails. Whether that translates into real savings depends on how the integration is implemented and which enterprises adopt it. No launch customers, pilot programs, or transaction volumes have been announced yet.
Why enterprise payments is the target
Stablecoins have mostly been used for trading and crypto-native transfers. Enterprise finance is a harder sell because it requires compliance, audit trails, and integration with existing accounting and treasury systems. By bringing in Visa and Mastercard — both of which sit inside corporate payment workflows — Open Standard is signaling that OUSD is built for business-to-business settlement, not just peer-to-peer transfers.
Coinbase brings custody and exchange infrastructure. Stripe brings online payment processing and a large merchant base. The combination suggests OUSD could slot into checkout, payouts, and cross-border invoicing if the technical work is done.
What's still unknown
Open Standard hasn't said when OUSD will be generally available, which blockchain or blockchains it will run on, or what regulatory approvals it holds. Stablecoin issuance in the U.S. is under increasing scrutiny, and the involvement of Visa and Mastercard means any compliance misstep would be highly visible.
The company also hasn't detailed how Tempo integration will work in practice — whether it's an API, a settlement layer, or something else. Those details matter for any enterprise evaluating whether to switch from existing payment rails.
For now, OUSD is a launch announcement with heavyweights attached. The next concrete step will be the first named enterprise customer or a published integration timeline. Until then, the cost and efficiency claims remain projections, not results.
