Chainlink will supply market and pricing data for Open USD (OUSD), the stablecoin Open Standard launched on 30 September 2026, a company whose founding partners include Stripe, Mastercard and Visa. In a post on its official X account, Chainlink said Open Standard had standardised on its network as the token's official data oracle.
The arrangement gives OUSD a ready source of reference prices as it begins trading.
"@openstandard has standardized on Chainlink as an official data oracle for Open USD. Supported by 200+ financial giants like @Stripe, @Mastercard, and @Visa, OUSD brings zero-cost mint/burn mechanics and shared rewards to onchain finance," by Chainlink, on its official X account
What Open USD is
Open Standard first announced Open USD on 30 June 2026, pitching it as a stablecoin owned and steered by the businesses that use it. Open Standard says businesses "can mint and redeem Open USD at no cost and with no artificial limits on volume", and that partners "receive all of the earnings from Open USD's reserves, less a small management fee". An independent company runs the token, with a board drawn from its partners, rather than any single firm.
On 24 September, Open Standard named Coinbase, Mastercard, Shopify, Stripe and Visa as its initial founding partners. Each is investing in the company and helping to build OUSD supply, together providing more than US$1 billion in near-term launch liquidity. Zach Abrams, who founded the stablecoin platform Bridge, became Open Standard's full-time chief executive.
"The adoption of on-chain money and payments will hinge on trust and interoperability. At Visa we see it as our job to deliver trust, confidence and seamless connections, and we are excited to be a founding member of Open Standard," by Jack Forestell, Chief Product and Strategy Officer of Visa
When the token went live, Open Standard said its partners now number more than 200 financial institutions, fintechs, banks and global businesses, up from the more than 140 it cited in June. Every integration path supports minting and burning at a 1:1 rate with the US dollar, at no cost. OUSD runs natively on Base, Ethereum, Solana and Tempo, and is due to trade on Coinbase, Kraken and Uniswap.
What Chainlink will provide
Chainlink's role is to deliver the prices that other systems need before they can safely accept OUSD. Its X thread says Chainlink Data Feeds will support the token across lending protocols, where prices drive collateral valuation, health checks and liquidations, and across automated market makers and exchanges, where they act as reference rates. Chainlink's public price feed directory already lists an OUSD/USD feed, labelled Open USD, on Ethereum, Base and Solana.
In a post on its LinkedIn page, Chainlink Labs set out four wider uses it sees for its data with OUSD:
- round-the-clock merchant settlement, using real-time fiat-to-OUSD conversion rates
- corporate treasury contracts that automatically move idle OUSD into yield-bearing assets
- collateral valuation, margin and liquidations in OUSD-denominated markets
- FX rates for neobanks, remittance platforms and AI agents making cross-border payments
These use cases come from Chainlink. Open Standard's own announcements describe OUSD's uses more broadly, covering banking, cross-border payments, settlement and institutional trading, and do not mention the oracle arrangement.
Who issues it, and under what rules
OUSD is issued by Bridge Building Inc., part of Bridge, which is owned by Stripe. Bridge holds US state money transmitter licences under that entity. Open Standard says the reserves are held at BlackRock, Lead Bank and BNY, and that reserve attestations will be published monthly.
Bridge's public reserves page showed 666,213,252 OUSD in circulation as of 08:40 UTC on 3 October 2026, fully backed by US$666,213,364 of reserve assets. About 12% of those assets were cash, and about 88% were Treasuries, including money market funds holding Treasury bills that mature in under three months. The page is a live dashboard, not an auditor's report.
Bridge is also seeking a federal charter. In February, the Office of the Comptroller of the Currency granted preliminary conditional approval for a proposed Bridge National Trust Bank, which would issue US dollar stablecoins. The OCC stressed that this is not final approval, and that the bank cannot open for business until it meets all pre-opening requirements. One condition is that the bank's stablecoin activities conform to the GENIUS Act and its implementing rules. The decision predates OUSD and does not mention it. The OCC has followed a similar route with other issuers, including World Liberty's proposed USD1 trust bank.
Why it matters for compliance teams
OUSD is the latest sign that large payment firms want a stablecoin they help govern, rather than one they simply use. It sits alongside similar efforts by banks, with 21 global financial institutions planning a joint dollar stablecoin company, and card networks testing stablecoin settlement, such as Visa's role in MAS's BLOOM initiative.
