# Open USD Market Capitalization Reaches $888 Million by Nov. 4 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/49635 Published: 2026-11-05T23:41:13.000Z Updated: 2026-11-05T23:41:13.000Z Section: Investing > USDC took 636 days to grow from $1 million to $1 billion, but the figures do not establish a comparable growth rate for OUSD. Open USD (OUSD), Open Standard’s dollar-pegged stablecoin issued by Bridge, reached a market capitalization of $888 million by Nov. 4, putting the token $112 million short of $1 billion. An earlier [seven-day snapshot of Tempo’s stablecoin market]() found that OUSD accounted for nearly two-thirds of the total. USDC took 636 days to grow from a $1 million market capitalization to $1 billion. The figures do not provide a like-for-like growth comparison: no starting market capitalization is given for OUSD, while the USDC interval begins at $1 million. Open Standard launched OUSD for businesses and developers with fee-free minting and redemption at a 1:1 rate against the dollar. Bridge issues the token, and its reserves are held by BlackRock, Lead Bank and BNY Mellon. ## Links in this article - [seven-day snapshot of Tempo’s stablecoin market](https://www.tokenpost.com/news/investing/26668)