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BVNK announced on November 6 that eligible business customers can now mint, redeem, hold, and transfer Open USD (OUSD) across four blockchains: Ethereum, Solana, Base, and Tempo.
The payments infrastructure company stated that the new capability allows businesses to convert dollar balances into OUSD at a 1:1 ratio. The rollout is designed for payment providers, treasury teams, and companies that require a mechanism to move between traditional bank money and blockchain settlement without managing separate integrations for each network.
Three Integration Routes
BVNK outlined three specific methods for businesses to access the OUSD functionality. The first is direct integration, which permits a company to utilize OUSD within its own treasury and operational workflows. The second is an embedded option, allowing developers to incorporate wallets, pay-ins, or payouts directly into customer-facing applications. The third route is wholesale access, targeted at exchanges, trading desks, and market makers that require larger-scale minting and redemption capabilities.
The company positioned OUSD as part of an open-infrastructure model. BVNK noted that a consortium of financial and technology companies is behind the wider initiative. The announcement did not specify which institutions are members of this consortium or the extent of their operational support.
Geographic and Operational Limits
BVNK specified that OUSD is available to eligible business customers outside the European Economic Area. The company did not provide details on the specific licensing requirements or compliance checks that determine eligibility for businesses in other jurisdictions.
The launch supports four distinct networks, which BVNK said helps reduce the operational burden of bridge complexity and fragmented liquidity for companies with customers on different chains. However, the company has not published figures establishing how much OUSD has been minted or transferred through this new integration. BVNK has not disclosed transaction volumes, redemption performance data, or metrics demonstrating the extent of current usage.
Frequently Asked Questions
Which blockchains does BVNK support for Open USD?
BVNK supports Open USD (OUSD) on Ethereum, Solana, Base, and Tempo for eligible business customers.
Who is eligible to use BVNK’s Open USD service?
Eligible business customers outside the European Economic Area can use the service to mint, redeem, hold, and transfer OUSD.
