Mastercard-Owned BVNK Launches Open USD, Enabling Businesses to Mint and Redeem OUSD

BVNK, a stablecoin infrastructure provider owned by Mastercard, has launched Open USD (OUSD), allowing business customers to mint, redeem, hold, send and receive the stablecoin on its platform. According to Foresight News, OUSD can be exchanged 1:1 with U.S. dollar balances and is available on Ethereum, Solana, Base and Tempo. BVNK also offers exchanges, over-the-counter trading firms and market makers direct 1:1 minting and burning channels. OUSD is currently available only to eligible BVNK business customers outside the European Economic Area.