Ramp Adds Open USD (OUSD) to Stablecoin Accounts for Business Payments

Open Standard announced a partnership with Ramp that adds Open USD (OUSD) to business stablecoin accounts, where customers can earn rewards on balances and pay suppliers and contractors in more than 140 countries.

The integration makes OUSD the underlying asset for balances in Ramp business accounts. Ramp customers can use those balances to pay suppliers and contractors in more than 140 countries, while earning rewards provided by Ramp.

Open USD is a U.S. dollar stablecoin issued by Open Standard for business use. Its Sept. 30 business launch included fee-free minting and burning at a 1:1 rate. Mastercard, Stripe and Visa platforms also support access to OUSD, with fee-free minting and redemption at that rate. Open Standard introduced the token for businesses and developers building financial services and products in U.S. payment and digital-asset markets.