Open Standard Launches OUSD Stablecoin on Base, Ethereum, and Solana
Ethereum (ETH)
Editor:
Eugene Serbin
cryptotimes.io reports that Open Standard has launched Open USD (OUSD), a new dollar-pegged stablecoin available on Base, Ethereum, Solana, and Tempo. The asset is designed for business use cases including payments, settlement, foreign exchange, and institutional trading. OUSD is issued by Bridge, the stablecoin infrastructure company acquired by Stripe, with reserves held at BlackRock, Lead Bank, and BNY.
The company plans to publish monthly reserve attestations to verify these holdings. Initial business integrations include BVNK, Stripe, and the Visa Stablecoin Platform, with a Coinbase integration scheduled to begin on October 1. Open Standard stated that OUSD can be minted and redeemed at a 1:1 rate against the U.S. dollar through these supported paths.
The network has grown to include more than 200 financial institutions, fintech companies, and banks. Participating partners may receive rewards linked to supply and usage, with some potentially receiving equity. The launch announcement did not disclose the initial amount of OUSD issued or provide transaction-volume figures. OUSD enters a market dominated by established assets like USDT and USDC, with its future position depending on business adoption and supply issuance.
How the market reacted
Whalio's own Binance spot order flow for ETH, measured when this story was written up on 30 September 2026. Not the outlet's figures.
ETH is trading at $2,677.98 with a 1-hour buy ratio of 49.7% and a 4-hour buy ratio of 50.0%, indicating a near-even split between buyers and sellers. The 24-hour buy ratio sits at 49.0%, showing that buying pressure has slightly faded compared to the shorter timeframes. Volume delta reflects this shift, dropping to -$100,450 in the last hour and -$16,127,947 over 24 hours, while the 4-hour delta remains positive at +$9,938. A positive volume delta indicates net buying pressure, while a negative delta signals net selling pressure. The 24-hour cumulative volume delta (CVD) closed at +$4,708,622, suggesting that despite recent selling, net buying has occurred over the majority of the day. There were 13 hours of net buying out of 24, with a total spot volume of $853,836,574 across 2,618,660 trades.
The latest daily buy ratio of 46.8% sits at the 16th percentile of the last 322 days, against a median of 49.5% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ETH, averaged over the days leading up to the story.
Over the preceding week, ETH experienced a 2.7% price decline with a total volume delta of -$177,438,725. The 7-day average buy ratio was 47.9%, meaning today’s 24-hour ratio of 49.0% represents a slight increase in buying interest. Trading volume today was 1.33 times the weekly average, indicating significantly higher activity than usual. Only one day out of the past seven showed net buying, contrasting with today’s mixed but slightly more balanced flow. This suggests that while volume is elevated, the broader weekly trend remains dominated by selling pressure.