Open Standard’s stablecoin is growing.
Open Standard’s OUSD has officially expanded since its launch at the end of September. OUSD has a current supply of $911M across 4 chains, including Ethereum, Tempo, Base, and Solana.
Recently, Open Standard revealed a new management system for the fees and revenue sharing involved.
OUSD Nears $1B in Supply
The latest stablecoin to join the market is not slowing down.
Many of the top stablecoins today had their first milestone when they passed the $1B mark. To the industry it shows substantial adoption and usually takes a fair amount of time to get there.
Indeed, today there are about 14 stablecoins with more than that.
OUSD takes up around 68% of its market share on the Tempo network, followed by Ethereum at 12%, Base at 10%, and Solana at 9%. Total transfer volume on Tempo sits at $2.78B.
A few days ago, BVNK announced that OUSD is now live across its platform, including for business, OTC, and embedded products.
It was also shown as part of a promotional campaign for the Global Money Platform launched by Mastercard.
