Stablecoin profileLIVE

Open USD (OUSD) stablecoin

In short: OUSD is a USD-pegged stablecoin issued by Bridge (OUSD). No token-level authorisation identified in the official registers checked. Below: live peg deviation, peg history, issuer, licences and FAQ.

Issuer profile → Bridge (OUSD)

Live peg LIVE

$0.9997Peg target: $1.0000 (USD)On peg

Deviation: -3.3 bps (-0.03%) · Market cap: $967.3M

Sources: CoinGecko, DefiLlama · CoinGecko ↗ · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

Token legal status

OUSDOther stablecoins

(1) Entity licence / registration

Bridge Building Inc. (NMLS 2450917 per company); Bridge Building S.A. — CSSF CASP 29/06/2026 (not issuance authorisation); Bridge National Trust Bank — OCC preliminary conditional approval only (CD 1365)

State MTLs / CSSF CASP / OCC

CASP authorised; MTL Not yet verified by StableRadar · 29/06/2026 · Specific record (ESMA CASP row) esma.europa.eu ↗

(2) Authorisation to issue this token

No authorisation to issue this stablecoin identified in official registers as of 27 Oct 2026. Registers checked: NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC

U.S. context

U.S. GENIUS Act: approves issuers (permitted payment stablecoin issuers), not individual tokens; applies from 18 Jan 2027 (FR 2026-21706)

(3) Applicable law

GENIUS Act — OCC final rule FR 2026-21706 (effective 18 Jan 2027) ↗

MiCA — Regulation (EU) 2023/1114 ↗

Token legal status last checked: 27 Oct 2026

Issuer & legal entity

IssuerBridge (OUSD)

Legal entityBridge Building Inc. (NMLS 2450917 per company); Bridge Building S.A. — CSSF CASP 29/06/2026 (not issuance authorisation); Bridge National Trust Bank — OCC preliminary conditional approval only (CD 1365)

HeadquartersSan Francisco, US

Backing mechanismFiat-backed (USD) — Open Standard network; chains: Base, Ethereum, Solana, Tempo (per company)

Reserve mixInvested in US Treasuries (per company, bridge.xyz)

RedemptionNo minting or redemption fees and no liquidity restrictions (per company)

Directory noteIssued by Bridge Building Inc. (a Stripe company) under the Open Standard program; Bridge is a state money transmitter, NMLS ID 2450917 (per Bridge; NMLS register not machine-checked). Bridge National Trust Bank has OCC preliminary conditional approval only — a conditional approval is not a charter. Not the same asset as Origin Dollar (OUSD). bridge.xyz ↗

Transparency Score (issuer)

Transparency Score

Insufficient data — newly added issuer, inputs under review · 75% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

Issuer profile → Bridge (OUSD)

Issuer licences, registrations & token status

Issuer-level records from the Bridge (OUSD) profile; each row links to the official register or source.

Jurisdiction	Record	Status	Source
EU-LU	Crypto-asset service provider (MiCA CASP) — Bridge Building S.A.: custody, exchange, order execution, transfer services. Not an e-money token issuance authorisation · CSSF (via ESMA register)	Authorized 29 Jun 2026	Verified
US	National trust bank charter — Bridge National Trust Bank (proposed), OCC Corporate Decision 1365: PRELIMINARY CONDITIONAL APPROVAL only (preopening requirements incl. minimum capital; not a charter, not authorisation to issue OUSD) · OCC	Conditional 12 Feb 2026	Reported
US	State money transmitter licences — Bridge Building Inc., NMLS ID 2450917 (per company; NMLS Consumer Access could not be read automatically on 11 Nov 2026, so not verified here) · State regulators (NMLS)	Per company	Verified

OUSD peg history

Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

Favourites	Coin	Peg	Trend	Max \|dev\|	Low	>±50 bps	>±100 bps	Events	Details
	OUSD	USD		+146.6 bps	0.9915	6 h	1 h	5

Source: CoinGecko ↗, DefiLlama ↗ · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

OUSD supply by chain

Current circulating supply per chain from the DefiLlama stablecoins API (cached at build time). Per-chain or DEX prices are not shown: no free source covers them reliably.

Chain	Supply	Share of supply
Tempo	$620.6M	65.0%
Ethereum	$119.1M	12.5%
Solana	$118.3M	12.4%
Base	$96.3M	10.1%

Source: DefiLlama ↗

FAQ about OUSD

What is Open USD (OUSD)?

OUSD is a stablecoin pegged to the US dollar. Issuer: Bridge (OUSD). Backing (as described in our data): Fiat-backed (USD) — Open Standard network; chains: Base, Ethereum, Solana, Tempo (per company).

Who issues OUSD?

OUSD is issued by Bridge Building Inc. (NMLS 2450917 per company); Bridge Building S.A. — CSSF CASP 29/06/2026 (not issuance authorisation); Bridge National Trust Bank — OCC preliminary conditional approval only (CD 1365). The issuer profile on StableRadar lists its licences with links to official registers.

Is OUSD authorised under MiCA or another stablecoin regime?

No authorisation to issue OUSD was identified in the official registers StableRadar checked (NYDFS Greenlist, ESMA EMT register, JFSA, HKMA, CNAD, OCC; last checked 27 Oct 2026). This does not mean the coin or issuer is unlawful, unlicensed or unsafe. Applicable law noted: GENIUS Act — OCC final rule FR 2026-21706 (effective 18 Jan 2027); MiCA — Regulation (EU) 2023/1114. US context: under the GENIUS Act only approved (permitted) payment stablecoin issuers may issue payment stablecoins in the US; the Act approves issuers, not individual tokens. It applies from 18 Jan 2027 (OCC final rule FR 2026-21706).

Is OUSD safe?

StableRadar does not say whether a coin is safe and does not give investment advice. The Transparency Score for Bridge (OUSD) is not computed: insufficient public data. The live peg deviation and the official register links are on this page.

How is OUSD backed?

Model: Fiat-backed (USD) — Open Standard network; chains: Base, Ethereum, Solana, Tempo (per company). Reserve mix: Invested in US Treasuries (per company, bridge.xyz).

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: Issuer disclosures (Bridge (OUSD)), DefiLlama · OUSD, CoinGecko · OUSD, DefiLlama · Tempo stablecoins