OpenStandard's OUSD stablecoin launches with $18M reserve against $1B pledged
- —OUSD launched with an $18M initial reserve versus $1B in pledged liquidity
- —Issued by Stripe-owned Bridge; reserves held at BlackRock, Lead Bank and BNY Mellon
- —Five founding partners hold equal initial equity stakes
- —Over 200 companies are in talks to integrate OUSD, including SBI, UBS and Jeeves
Why it matters: OUSD's blue-chip backers position it as a challenger to USDT and USDC, but adoption hinges on whether pledged liquidity translates into real trading volumes.
Source: The Cryptonomist (IT)