USDC
+0.0%OUSD stablecoin launches on four networks with Coinbase support
Image: Crypto BriefingOpen Standard's OUSD stablecoin went live on September 30, 2026, on Ethereum, Solana, Base and Tempo. Coinbase enabled users to send and receive OUSD the next day. The token is backed by reserves held at custodians, with monthly attestations planned. Companies can mint and redeem OUSD at a 1:1 rate with the dollar, fee-free and with no volume limits. It is aimed at existing dollar tokens, including Circle's USDC.
Key points
- Coinbase enabled users to send and receive OUSD across Base, Ethereum, Solana and Tempo.
- Companies can mint and redeem OUSD at a 1:1 rate with the dollar, fee-free and without volume limits.
- OUSD is backed by reserves at custodians, and monthly attestations are planned.
- OUSD is set to compete with incumbent dollar tokens, including Circle's USDC.
Why it matters
Coinbase users can now send and receive OUSD across four networks. The token's 1:1 mint and redemption and planned monthly attestations are practical features for dollar transfers on those chains.
What's unclear
Timing for Kraken and Uniswap support is not specified.
The reports name different Tether tokens as competitors, USAT and USDT.
Price context · ETH
At publication
$2,700.23
Now
$2,691.58
Change since
−0.32%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Coinbase enables OUSD transfers across Base, Ethereum, Solana and Tempo
Coverage timeline
- First reported by CoinGape
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
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