# Bridge (OUSD) Stablecoin Issuer

> Bridge (OUSD): stablecoin issuer profile with licences checked against regulator registers, reserves, attestations, official partners and Regulatory…

Canonical: https://stableradar.com/issuer/bridge
Generated: 2026-11-11T18:58:36.036Z (live figures are a snapshot at build time; see the canonical page for current values)

← All issuers

Bridge (OUSD)

OUSD · San Francisco, US

Compliance Score

Insufficient data · weighted from public, sourced inputs · 75% of inputs available

Legal entity

Bridge Building Inc. (current OUSD issuer, a Stripe company; NMLS ID 2450917 per company). Bridge Building S.A. (Luxembourg; LEI 254900MVWQXMF77YZP65). Bridge National Trust Bank — in organisation, not operational, does not issue OUSD (per company). OUSD was created by Open Standard, founded by Coinbase, Mastercard, Shopify, Stripe and Visa (per company)

Token record

OUSD

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

Register ticks on this page

2 of 3 licence rows link to a regulator's own public register (1 authorised on record). Only those rows carry a tick.

1:1 peg · live

OUSD

On peg

$0.9992

vs $1.00

-8.4 bps (-0.08%)

7-day sparkline · updated 2m ago · median of CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/open-usd)

Licences · 3 on record

[](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)Featured licence · Verified on CSSF (via ESMA register) record

Crypto-asset service provider

Crypto-asset service provider (MiCA CASP) — Bridge Building S.A.: custody, exchange, order execution, transfer services. Not an e-money token issuance authorisation

Official CSSF (via ESMA register) source ↗

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)

Per company · —

nmlsconsumeraccess.org ↗

Leadership

No public data

Source: [bridge.xyz ↗](https://bridge.xyz/blog/ousd-is-live-issued-by-bridge) (issuer site)

Issuer profile REFERENCE · issuer profile · as of 2026-10-26

# Bridge (OUSD) 2 Verified
**In short:** Bridge (OUSD) issues OUSD. Issuing entity: Bridge Building Inc. (current OUSD issuer, a Stripe company; NMLS ID 2450917 per company). Bridge Building S.A. (Luxembourg; LEI 254900MVWQXMF77YZP65). Bridge National Trust Bank — in organisation, not operational, does not issue OUSD (per company). OUSD was created by Open Standard, founded by Coinbase, Mastercard, Shopify, Stripe and Visa (per company). Headquarters: San Francisco, US. Status: Active. Licences on record: 3 (1 authorised; 2 confirmed on a regulator's official public register). Reserve reports: no public data (—). Reference data as of 2026-10-26.

Status Active

Verification Pending

Coverage Experimental

Licences **1 / 3**authorised / on record

SRS ILLUSTRATIVE **56**StableRadar Score, sample method

Profile as of **2026-10-26**

Regulatory Compliance Score

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

Not legal advice; algorithmic assessment from public sources.

OUSD peg · 7 days

Pins: computed 7d high/low. No reference events dated within this window.

Peg deviation (live)

-8.4 bps

Supply 30d → now (DefiLlama)

$956.1M

24h volume (CoinGecko)

$428K

Chains with supply

### 
#### Company
- HQ **San Francisco, US**

- Founded **No public data**

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

- Website **bridge.xyz ↗**

#### Products & supply LIVE
- OUSD **$956.9M · -8.4 bps**

- Total (CoinGecko) **$956.9M**

30d ago

$788.1M

7d ago

$887.5M

1d ago

$918.9M

now

$956.1M

### 
Tempo

$625.9M

65.5%

Solana

$118.8M

12.4%

Ethereum

$115.8M

12.1%

Base

$95.7M

10.0%

Supply by chain · DefiLlama (live)

### 
REFERENCE · issuer official site · as of 2026-10-26

bridge.xyz

### 
REFERENCE · issuer official site · as of 2026-10-26

Not checked yet for bridge.xyz.

### 
REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26

Confirmed by regulator register · always shown

| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
| --- | --- | --- | --- | --- | --- |
| **EU-LU** | CSSF (via ESMA register) | Crypto-asset service provider (MiCA CASP) — Bridge Building S.A.: custody, exchange, order execution, transfer services. Not an e-money token issuance authorisation | 29 Jun 2026 | Authorized | [Verified](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv)[](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) |

| Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence |
| --- | --- | --- | --- | --- | --- |
| **US** | OCC | 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) | 12 Feb 2026 | Conditional | [Reported](https://www.occ.gov/topics/charters-and-licensing/interpretations-and-decisions/2026/cd1365.pdf) |
| **US** | State regulators (NMLS) | 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) | — | Per company | [Verified](https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2450917) |

### 
- Assurance **No public data**

- Audit / attestation firm **—**

- Frequency **No public data**

- Composition (per issuer) **No public data**

- Custodians **No public data**

- Latest disclosed **—**

- Evidence **report ↗**

### 
30 Sep 2026

Open USD (OUSD) live, issued by Bridge (a Stripe company). Launched by Open Standard (founded by Coinbase, Mastercard, Shopify, Stripe and Visa) on Base, Ethereum, Solana and Tempo. Currently issued by Bridge Building Inc.; Bridge National Trust Bank has OCC conditional approval only, is not operational and does not issue OUSD (per company).

Company source ↗

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

#### Controls: freeze / clawback / admin
- freeze **No public data**

- clawback **No public data**

- multisig **No public data**

- upgrade **No public data**

### Frozen / blacklisted / seized
No public freeze/blacklist statistics found.

### 
REFERENCE · issuer newsroom / official government sites · as of 2026-10-26

Official newsroom not yet checked for this issuer.

### 
No public info.

### 
None on record in our reference set.

### 
No public info.

### 
### Legal status per token
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. token-level issuer approval regime 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 ↗

Last checked 27 Oct 2026

### Depeg history (>50 bps, daily) Live
OUSD

| Start | End | Days | Min price | Worst dev. |
| --- | --- | --- | --- | --- |
| 2026-10-11 | 2026-10-11 | 1 | $0.9945 | 55 bps |

stablecoinprices ↗

### Lending & collateral
DeFi lending markets

Live

Loading live markets…

### Official contract addresses
No address confirmed on an official issuer page yet — none shown.

Mainnet addresses copied from the issuer's official page (checked —); explorer links are the ones the issuer lists. Always verify against the issuer's page; never send funds to addresses received in messages.

Reference fields compiled 2026-10-26 from linked sources. Items marked “verify” or “per issuer” are not independently confirmed. Not legal or investment advice.

Last updated: 11 Nov 2026, 18:57 UTC (live data) · reference data as of 2026-10-26 · Sources: Regulator public registers & issuer disclosures (linked per item), [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins)

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