CoinDesk
Open Standard, the company behind the consortium stablecoin OpenUSD (OUSD), plans to charge a 0.1-basis-point fee on payment volume, capped at $0.01 per payment. Payments of $1,000 or more reach the cap; a $1 million transfer would otherwise incur $10 at the stated rate. The founding partners include Stripe, Visa, Mastercard, Coinbase and Shopify, each of which committed more than $1 billion in near-term launch liquidity, according to the seed.
Open Standard will also offer partners a chance to earn equity based on how much OUSD they hold and move. Monthly measurements determine each partner’s share of an annual equity earn-in pool. Partners need at least $50 million to qualify, and no single partner can earn more than 5% ownership through the pool. Visa has released more than 100 pages of technical implementation and user guidance for firms integrating OUSD through its Visa Stablecoin Platform.
Why it matters
OUSD’s structure differs from USDT and USDC in how it distributes reserve interest: the seed says OUSD shares that interest with partners, less the management fee, while those other stablecoin issuers retain it. The equity pool adds another incentive, linking partner rewards to actual holdings and payment flows rather than integration alone.
The fee cap is designed to keep the stated charge to a cent per payment, including on larger transfers. Open Standard says OUSD aims to make cross-border settlement easier and reduce fiat currency conversions.
Market impact
The combination of launch liquidity commitments, a defined partner incentive and Visa’s technical guidance gives payment firms both a commercial and implementation framework for OUSD. The source does not specify a launch date or adoption volumes, so the key measure ahead is whether partners meet the $50 million threshold and generate enough payment activity to make the pool meaningful.
Frequently asked questions
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How much will Open Standard charge for OUSD payments?
The planned fee is 0.1 basis point of payment volume, capped at $0.01 per payment. Payments of $1,000 or more reach the cap.
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How can partners qualify for the OUSD equity pool?
Partners must hold at least $50 million in OUSD to qualify. Their share of the annual earn-in pool is based on monthly holdings and flows.
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What is the maximum ownership a partner can earn through the pool?
A single partner can earn a maximum of 5% ownership through the equity earn-in pool.
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How does OUSD handle reserve interest compared with USDT and USDC?
The seed says OUSD distributes reserve interest to its partners, less the management fee. USDT and USDC issuers retain reserve interest.
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What has Visa provided for firms integrating OUSD?
Visa released more than 100 pages of technical implementation and user guidance for partner firms integrating OUSD through the Visa Stablecoin Platform.
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