Open USD Shows 954M OUSD Supply and 266 Named Partners

Bridge's public transparency API reported 954.1 million Open USD tokens in circulation and US$956.1 million in total reserves at 03:00 UTC on 13 November. The resulting collateralisation ratio was 100.21%, with reserves exceeding supply by about US$2.0 million.

The official Open Standard partner page, updated two days earlier, contained 266 named organisations by HaiPay's count. That number measures entries on a list, not completed integrations, active users or payment volume.

Reserves exceeded supply by $2.0 million

Open USD, or OUSD, is issued by Bridge, a Stripe company. It launched on 30 September on Ethereum, Solana, Base and Tempo. Bridge's documentation describes its transparency endpoint as a public, no-key interface for circulating supply, reserve assets and collateralisation.

Bridge's reserve page displayed cash at 11.4% and Treasuries at 88.6%. It says the Treasury allocation can include money-market funds holding Treasury-bill ladders with less than three months' duration. The raw API snapshot listed cash and Treasury components that were US$1.94 million below the total-reserve field, however. Because Bridge did not explain that difference in the reviewed material, HaiPay does not present those two rows as a complete reserve reconciliation.

The dashboard links monthly accountant attestations, but the live API is not itself an attestation. At the time of review, the page showed links for August and September 2026. The US$2.0 million excess is therefore a calculation from a point-in-time API snapshot, not a guarantee that reserves or redemption conditions cannot change.

The partner list has 266 names, not 266 proven integrations

HaiPay counted every name from Aave through zerohash once and found no exact duplicates. The list spans banks, card networks, payment companies, wallets, exchanges and blockchain infrastructure providers. Stripe, Visa, Mastercard, Shopify, Coinbase, Airwallex and Western Union are among the names.

The list does not show which partners have launched OUSD in production, how much volume each handles or whether every listed company has implemented the token. Those measures should not be inferred from membership alone.

Promotion rules exclude 21 geographic entries and 27 use cases

Open Standard's legal page says Network Partners may promote OUSD globally except in 21 geographic entries, including the European Economic Area and 20 named countries or territories. It also lists 27 categories for which partners may not promote OUSD, from adult services and gambling to mixing, deceptive practices and weapons.

The language is about promotion by Network Partners. It does not establish that every on-chain transfer involving a listed place or use case is technically blocked, so the counts should not be read as a map of transaction availability.

The launch date was September 30

Official posts from Open Standard, Bridge and Stripe date OUSD's launch to 30 September. The Open USD homepage separately describes a 12 November public event featuring the first live payments on OUSD. HaiPay therefore does not use 12 November as the token's launch date.

What to watch

The next useful disclosures would be supply by chain, transaction and redemption volume, named production launches, and the next monthly attestation. A reconciliation explaining how the API's component rows relate to total reserves would also make the real-time report easier to audit.

About HaiPay's mass payouts

HaiPay, which publishes this news section, offers mass payouts to local bank accounts and electronic wallets through a single API or batch upload, with automatic currency conversion and built-in AML and KYC controls. Available routes include Brazil Pix and selected markets in Latin America, Asia and Africa. This is conventional payout infrastructure; HaiPay is not claiming to support OUSD or any stablecoin rail. Payout funding arrangements, limits and fees depend on the route and must be confirmed with the team. Learn more about HaiPay's mass payouts.