Add as a preferred source on GoogleBVNK Opens Direct Open USD Minting and Redemptions to Businesses
Eligible BVNK business customers outside the European Economic Area can mint, redeem, hold and send or receive OUSD on four networks.
Mastercard-owned BVNK has opened direct Open USD (OUSD) minting and redemption to eligible business customers outside the European Economic Area, giving them a way to exchange dollar balances for the stablecoin and back at a 1:1 rate.
Eligible customers can hold OUSD and send or receive it through BVNK on Ethereum, Solana, Base and Tempo. The service also gives exchanges, over-the-counter trading firms and market makers direct channels to mint and burn the token at a 1:1 rate.
The live services add direct transactions to Mastercard’s earlier outline of BVNK’s OUSD access role, which described a route for businesses and financial firms to use the stablecoin alongside fiat currencies and other stablecoins.
Open USD launched Sept. 30 as Stripe’s default stablecoin for businesses. OUSD is also available through Stripe and Visa platforms.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.