# Open USD (OUSD): Live Peg, Issuer & Licences

> Open USD (OUSD) stablecoin: live USD peg deviation in bps, depeg history, issuer Bridge (OUSD), licences linked to official registers, reserves and FAQ.

Canonical: https://stableradar.com/coin/ousd
Generated: 2026-11-13T12:44:03.530Z (live figures are a snapshot at build time; see the canonical page for current values)

Stablecoin profile LIVE

# 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)](https://stableradar.com/issuer/bridge)

$0.9997

Peg target: $1.0000 (USD)

On peg

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

Sources: CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/open-usd) · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

### Token legal status
OUSD

Other 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

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
- Issuer **Bridge (OUSD)**

- Legal entity 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)

- Headquarters San Francisco, US

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

- Reserve mix Invested in US Treasuries (per company, bridge.xyz)

- Redemption No minting or redemption fees and no liquidity restrictions (per company)

- Directory note Issued 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 ↗](https://www.bridge.xyz/blog/ousd-is-live-issued-by-bridge)

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)](https://stableradar.com/issuer/bridge)

### 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) | Authorized29 Jun 2026 | [Verified](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) |
| 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 | Conditional12 Feb 2026 | [Reported](https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1365.pdf) |
| 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](https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2450917) |

### 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 ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · 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 ↗](https://defillama.com/stablecoins)

### 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).

### Related pages
Issuer profile → Bridge (OUSD)

OUSD × country checker: US

OUSD × country checker: DE

OUSD × country checker: FR

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

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))](https://www.bridge.xyz/), [DefiLlama · OUSD](https://defillama.com/stablecoin/open-usd), [CoinGecko · OUSD](https://www.coingecko.com/en/coins/open-usd), [DefiLlama · Tempo stablecoins](https://defillama.com/stablecoins/Tempo)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)