Open Standard CEO Says OUSD Equity to Be Allocated by Contribution, With No Special Reward for Founding Partners

Open Standard, a stablecoin project backed by Mastercard, Visa and Stripe, has officially launched OUSD and adopted a model that allocates equity based on network contributions.

Foreign media reported on October 30 that Zach Abrams, Open Standard's chief executive officer, plans to distribute most of the equity over the next four to five years to founding partners and other network partners based on their contributions.

Partners that meet the minimum participation threshold will receive equity based on OUSD supply and transaction activity. The structure is designed to encourage partners to help expand OUSD circulation rather than simply hold the token. The specific participation criteria were not disclosed.

Abrams said founding partners will not receive any special profit-sharing and will be subject to the same rules as other partners. Rewards will be tied to OUSD supply.