Payment Radar
Stripe Launches OUSD Stablecoin with Zero Mint/Burn Fees for Merchants
Stripe has launched Open USD (OUSD), a new stablecoin built by Open Standard, available to businesses on its platform.
Payment RadarOriginal source: Stripe · linked publisher media; native reuse rights require confirmation 
What changed
Stripe has added Open USD (OUSD), a new stablecoin built by Open Standard, to its platform. Unlike previous options that charged variable mint and burn fees, OUSD allows free conversion between dollars and the stablecoin. Businesses only pay a small, predictable transaction fee charged by Open Standard. This launch targets cross-border payments and treasury management by replacing variable costs with a more predictable structure. Merchants can now hold, spend, and send OUSD via Stripe Treasury and APIs.
Why a business should care
This update reduces cost variability and friction in international transactions. It offers a more predictable and potentially cheaper alternative to existing stablecoins for global money movement. By eliminating mint and burn fees, businesses can better forecast expenses related to cross-border payments and treasury operations.
Who it affects
US merchants processing cross-border payments, managing multi-currency treasuries, or developing fintech products on Stripe.
What to consider doing
Pull your current Stripe Treasury fee schedule and compare the new OUSD transaction fee against your existing stablecoin costs for a sample of last month’s cross-border transactions.
Uncertainty and risks
Adoption risk due to regulatory uncertainty around stablecoins; dependency on Open Standard’s infrastructure and fee structure; potential volatility or liquidity issues not addressed in evidence.
Updated Payment Radar editor
Stripe expands global infrastructure and payment tools via Singapore announcement
There has since been a further development.
Stripe announced expanded global infrastructure in Singapore, including Managed Payments for 195 countries and enhanced Treasury capabilities for multi-currency management.
Source: Stripe expands global infrastructure and payment tools via Singapore announcement — Stripe (2026-08-25)
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