Open USD (OUSD) stablecoin analytics
Answer First
What is Open USD (OUSD)?
OUSD is Bridge's dollar for Open Standard, backed by cash and short Treasuries, with 1:1 business minting and redemption and no issuer fee. The static profile records its US Dollar peg mechanism as: Bridge Building Inc. issues OUSD for the Open Standard programme, natively on Tempo, Ethereum, Base and Solana. Eligible businesses onboarded as Bridge Users mint and redeem at 1:1 USD with no issuer fee or artificial volume limits.
Is OUSD safe?
OUSD holds a C- Safety Score grade (53/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Open USD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Bridge's self-reported live reserves dashboard; Open Standard announces monthly attestations, but the dashboard does not yet link an independent report; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Open USD (OUSD) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 30, 2026
Open USD is issued by Bridge Building Inc. for Open Standard, a company founded by Coinbase, Mastercard, Shopify, Stripe, and Visa. Every partner integration path mints and redeems 1:1 with no issuer fee, and partners are rewarded in proportion to the supply and activity they drive. Bridge's binding terms give holders no property interest in the reserve and entitle Bridge to its net returns; partner rewards are paid under the Open Standard programme, not as a holder entitlement.
AI summary · drafted by claude-opus-5-5 · facts as of Sep 30, 2026
Sources: Open Standard: OUSD is live (September 30 2026), Bridge: Open USD is live, issued by Bridge (September 30 2026), Bridge: Open USD reserve dashboard (supply, reserve mix and four deployments), and Bridge Building Inc. stablecoin terms (reserve, holder claims and redemption conditions)
- Collateral
- Cash and short-dated U.S. Treasuries, including government money-market funds with T-bill ladders under three months. Open Standard names BlackRock, Lead Bank and BNY as reserve institutions; their allocation shares are not disclosed.
- Peg Mechanism
- Bridge Building Inc. issues OUSD for the Open Standard programme, natively on Tempo, Ethereum, Base and Solana. Eligible businesses onboarded as Bridge Users mint and redeem at 1:1 USD with no issuer fee or artificial volume limits. Under the binding terms, any other holder can redeem directly only if eligible and onboarded as a Bridge User, with processing within two business days after compliance acceptance, subject to delays outside Bridge's reasonable control; holders have no property interest in reserve assets.
- Jurisdiction
- United States / FinCEN / state money transmitter regulators / Money transmitter (Bridge Building Inc., NMLS #2450917)
- Proof Of Reserves
- Real-Time PoR by Bridge's self-reported live reserves dashboard; Open Standard announces monthly attestations, but the dashboard does not yet link an independent report Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety ousd-open-standard
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 30, 2026.
OUSD quick answers
What is Open USD (OUSD)?
OUSD is Bridge's dollar for Open Standard, backed by cash and short Treasuries, with 1:1 business minting and redemption and no issuer fee. The static profile records its US Dollar peg mechanism as: Bridge Building Inc. issues OUSD for the Open Standard programme, natively on Tempo, Ethereum, Base and Solana. Eligible businesses onboarded as Bridge Users mint and redeem at 1:1 USD with no issuer fee or artificial volume limits.
Is OUSD safe?
OUSD holds a C- Safety Score grade (53/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Open USD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from Bridge's self-reported live reserves dashboard; Open Standard announces monthly attestations, but the dashboard does not yet link an independent report; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs OUSD?
Pharos classifies OUSD backing as Real-World Asset Backed. Collateral, per the static profile: Cash and short-dated U.S. Treasuries, including government money-market funds with T-bill ladders under three months. Open Standard names BlackRock, Lead Bank and BNY as reserve institutions; their allocation shares are not disclosed. Reserve evidence: Real-Time PoR from Bridge's self-reported live reserves dashboard; Open Standard announces monthly attestations, but the dashboard does not yet link an independent report.
Can OUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for OUSD, when applicable, appear in the dossier below.
