Audit log

Every state-changing event for Open Standard (OUSD): moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions are designed to carry three independent witnesses — the original source, an Internet Archive snapshot, and a Solana memo signed by our publicly-disclosed publisher key. Archive coverage is still being backfilled, so each decision below reports its own snapshot status rather than assuming one exists.

1. #1publishby system:backfill

   2026-11-05 20:19:44Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 465,837,774

   sig

   2x4MMJYwGvmD…kAff418Wcopyexplorer ↗

   hash

   EbdZ6Ut1g6ym…iRJYUqxQcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (11800 B) ▸

   {"actor":"system:backfill","investigation_id":"9aebf701-648b-496b-a948-28749b6ee9c6","kind":"publish","page_slug":"open-standard-ousd","published_at":"2026-11-05T20:19:43.978Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Open Standard (OUSD)","sections":[{"content":"Open Standard is the entity behind Open USD (OUSD), a stablecoin unveiled on June 30, 2026 with a reported consortium of more than 140 backing companies. Coverage named Coinbase, BlackRock, Visa, Mastercard, Stripe, Shopify, Fireblocks, DoorDash, Chime, BNY, BBVA and Adyen among participants with quoted executives. Zach Abrams, co-founder and former CEO of Bridge (the stablecoin infrastructure company Stripe acquired for a reported $1.1 billion, announced October 2024 and closed February 2025), served as Open Standard's interim CEO from the project's unveiling and later moved to lead it full time, stepping back from his role tied to Bridge at Stripe. OUSD launched natively on Solana, alongside Ethereum, Base and Tempo, on September 30, 2026, per the Solana Foundation. Bridge, now a Stripe company, is reported to issue the token, with BlackRock, Lead Bank and BNY named as reserve custodians; Open Standard has said it will publish monthly reserve attestations. The stated model allows businesses to mint and redeem OUSD 1:1 at no cost, with most reserve income distributed to participating businesses after a management fee, differing from typical issuer-retained-yield stablecoin models.","heading":"Company Background and Launch","severity":"low","sources":[{"credibility":2,"name":"CoinGape: Open Standard OUSD gets full-time CEO as Bridge co-founder Zach leaves Stripe","type":"news_article","url":"https://coingape.com/block-of-fame/pulse/open-standard-ousd-gets-full-time-ceo-as-bridge-co-founder-zach-leaves-stripe/"},{"credibility":1,"name":"Solana Foundation: Open USD is live on Solana","type":"official","url":"https://solana.com/news/open-usd-is-live-on-solana"},{"credibility":2,"name":"FXStreet: Coinbase, BlackRock, Visa and Stripe support Open Standard's OUSD stablecoin","type":"news_article","url":"https://www.fxstreet.com/cryptocurrencies/news/coinbase-blackrock-visa-and-stripe-support-open-standards-ousd-stablecoin-202606301820"},{"credibility":2,"name":"Unchained: How new stablecoin startup Bridge got acquired by Stripe for $1.1 billion","type":"news_article","url":"https://unchainedcrypto.com/how-new-stablecoin-startup-bridge-got-acquired-by-stripe-for-1-1-billion/"}]},{"content":"Shortly after OUSD's June 30, 2026 launch, reporting by Protos and South Korean outlet Chosun Biz alleged that Open Standard's published list of roughly 149 backing companies overstated the level of commitment from several named firms. Samsung Electronics was reported to have said there had been no official consultations and that the company did not know what role, if any, it would play. Shinhan Financial Group, Dunamu and K-Bank were each reported to have said they had only agreed to review or consider the stablecoin, with no deal reached. OpenAssets founder Gabor Gurbacs said clients of his listed as partners told him they had never signed or agreed to anything. These are allegations reported by named firms and an industry source rather than findings by a regulator or court, and Protos reported it had sought comment from Samsung and Open Standard. Open Standard CEO Zach Abrams is reported to have described the group as 'over 140 businesses' without directly addressing the specific firms' denials in the available coverage.","heading":"Disputed Partnership Claims","severity":"medium","sources":[{"credibility":2,"name":"Protos: Open USD is lying about its 149 partnerships, report","type":"news_article","url":"https://protos.com/open-usd-is-lying-about-its-149-partnerships-report/"},{"credibility":2,"name":"CoinEdition: Samsung, Dunamu challenge Open Standard consortium claims","type":"news_article","url":"https://coinedition.com/crypto-live-news/samsung-electronics-dunamu-named-in-ousd-push-as-firms-question-consortium-listing-claims/"},{"credibility":2,"name":"KuCoin News: Open USD consortium faces allegations of faking partnerships","type":"news_article","url":"https://www.kucoin.com/news/flash/open-usd-consortium-faces-allegations-of-faking-partnerships"}]},{"content":"In early July 2026, days after OUSD's launch, a validator operator on the XRP Ledger flagged a newly activated issuer using the 'Open Standard' name. The account was reported to be running promotional material unrelated to the genuine stablecoin, including advertisements offering 'Earn 12% on XRP' and a '70,000 XRP' slots-style promotion, and listed a website hosted on Netlify rather than Open Standard's official domain. A validator operator, quoted in coverage, stated the issuer should be treated as a scam by default until confirmed as genuine by Open USD. This incident is reported as a third-party impersonation scam targeting the OUSD brand rather than an action by Open Standard itself, and no reporting found indicates Open Standard or Ripple validators had, at the time of these reports, issued a formal confirmation or denial.","heading":"Impersonation Incident on XRP Ledger","severity":"medium","sources":[{"credibility":2,"name":"crypto.news: Ripple-backed OUSD hit by fake scam on XRP Ledger","type":"news_article","url":"https://crypto.news/ripple-backed-ousd-hit-by-fake-scam-on-xrp-ledger/"},{"credibility":2,"name":"CoinGape: XRP Ledger hit by fake OUSD stablecoin scam, community issues alert","type":"news_article","url":"https://coingape.com/xrp-ledger-hit-by-fake-ousd-stablecoin-scam-community-issues-alert/"}]},{"content":"The OUSD ticker is also used by Origin Protocol's Origin Dollar, an older, unrelated yield-bearing stablecoin that was itself the target of a separate hack in November 2020 in which an estimated $7 million was reported stolen. That incident, and Origin Protocol generally, is unrelated to Open Standard's Open USD and should not be conflated with it; researchers and users should verify which 'OUSD' a given source is discussing.","heading":"Unrelated Ticker Collision","severity":"low","sources":[{"credibility":2,"name":"Decrypt: Ethereum-based Origin Dollar hacked for estimated $7 million","type":"news_article","url":"https://decrypt.co/48478/ethereum-based-origin-dollar-hacked-for-estimated-7-million"}]}],"sources_used":[{"credibility":2,"name":"CoinGape: Open Standard OUSD gets full-time CEO as Bridge co-founder Zach leaves Stripe","type":"news_article","url":"https://coingape.com/block-of-fame/pulse/open-standard-ousd-gets-full-time-ceo-as-bridge-co-founder-zach-leaves-stripe/"},{"credibility":1,"name":"Solana Foundation: Open USD is live on Solana","type":"official","url":"https://solana.com/news/open-usd-is-live-on-solana"},{"credibility":2,"name":"FXStreet: Coinbase, BlackRock, Visa and Stripe support Open Standard's OUSD stablecoin","type":"news_article","url":"https://www.fxstreet.com/cryptocurrencies/news/coinbase-blackrock-visa-and-stripe-support-open-standards-ousd-stablecoin-202606301820"},{"credibility":2,"name":"Unchained: How new stablecoin startup Bridge got acquired by Stripe for $1.1 billion","type":"news_article","url":"https://unchainedcrypto.com/how-new-stablecoin-startup-bridge-got-acquired-by-stripe-for-1-1-billion/"},{"credibility":2,"name":"The Block: Stripe acquires stablecoin platform Bridge for $1.1 billion","type":"news_article","url":"https://www.theblock.co/amp/post/322144/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion-in-cryptos-largest-acquisition-techcrunch"},{"credibility":2,"name":"Protos: Open USD is lying about its 149 partnerships, report","type":"news_article","url":"https://protos.com/open-usd-is-lying-about-its-149-partnerships-report/"},{"credibility":2,"name":"CoinEdition: Samsung, Dunamu challenge Open Standard consortium claims","type":"news_article","url":"https://coinedition.com/crypto-live-news/samsung-electronics-dunamu-named-in-ousd-push-as-firms-question-consortium-listing-claims/"},{"credibility":2,"name":"KuCoin News: Open USD consortium faces allegations of faking partnerships","type":"news_article","url":"https://www.kucoin.com/news/flash/open-usd-consortium-faces-allegations-of-faking-partnerships"},{"credibility":2,"name":"crypto.news: Ripple-backed OUSD hit by fake scam on XRP Ledger","type":"news_article","url":"https://crypto.news/ripple-backed-ousd-hit-by-fake-scam-on-xrp-ledger/"},{"credibility":2,"name":"CoinGape: XRP Ledger hit by fake OUSD stablecoin scam, community issues alert","type":"news_article","url":"https://coingape.com/xrp-ledger-hit-by-fake-ousd-stablecoin-scam-community-issues-alert/"},{"credibility":2,"name":"Decrypt: Ethereum-based Origin Dollar hacked for estimated $7 million","type":"news_article","url":"https://decrypt.co/48478/ethereum-based-origin-dollar-hacked-for-estimated-7-million"}],"summary":"Open Standard is the company behind Open USD (OUSD), a stablecoin unveiled on June 30, 2026 with reported backing from more than 140 companies including Coinbase, BlackRock, Visa, Mastercard, Stripe and Bridge, and launched natively on Solana, Ethereum, Base and Tempo on September 30, 2026. The company's partner list drew press scrutiny after several named firms, including Samsung Electronics, Shinhan Financial Group, Dunamu and K-Bank, said they had only discussed or agreed to review participation rather than formally signing on, and a separate fraudulent issuer impersonating 'Open Standard' briefly appeared on the XRP Ledger. No regulatory action, lawsuit, hack, or fraud finding against Open Standard itself has been identified in available reporting.","timeline":[{"date":"2024-10","event":"Stripe announces acquisition of Bridge, the stablecoin infrastructure company co-founded by Zach Abrams, reportedly for $1.1 billion.","source":"Unchained Crypto","source_url":"https://unchainedcrypto.com/how-new-stablecoin-startup-bridge-got-acquired-by-stripe-for-1-1-billion/"},{"date":"2025-02","event":"Stripe's acquisition of Bridge closes.","source":"The Block / NBC","source_url":"https://www.theblock.co/amp/post/322144/stripe-acquires-stablecoin-platform-bridge-for-1-1-billion-in-cryptos-largest-acquisition-techcrunch"},{"date":"2026-06","date_evidence":"Open Standard officially launched the OUSD stablecoin on June 30, introducing a revenue-sharing model backed by more than 140 companies.","date_original":"2026-06-30","event":"Open Standard unveils the OUSD stablecoin with a reported consortium of more than 140 backing companies.","source":"crypto.news","source_url":"https://crypto.news/ripple-backed-ousd-hit-by-fake-scam-on-xrp-ledger/"},{"date":"2026-07","date_original":"2026-07-03","event":"Protos and South Korean outlets report several named partner firms, including Samsung Electronics, dispute the extent of their involvement in the OUSD consortium.","source":"Protos","source_url":"https://protos.com/open-usd-is-lying-about-its-149-partnerships-report/"},{"date":"2026-07","event":"A fraudulent issuer using the 'Open Standard' name appears on the XRP Ledger, prompting validator warnings of a likely scam.","source":"CoinGape","source_url":"https://coingape.com/xrp-ledger-hit-by-fake-ousd-stablecoin-scam-community-issues-alert/"},{"date":"2026-09","event":"Zach Abrams moves to lead Open Standard full time, leaving his role tied to Bridge at Stripe.","source":"CoinGape","source_url":"https://coingape.com/block-of-fame/pulse/open-standard-ousd-gets-full-time-ceo-as-bridge-co-founder-zach-leaves-stripe/"},{"date":"2026-09","date_original":"2026-09-30","event":"OUSD goes live natively on Solana, alongside Ethereum, Base and Tempo.","source":"Solana Foundation","source_url":"https://solana.com/news/open-usd-is-live-on-solana"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 0054ac66-ad1e-4a57-9460-4a0abf4049eacopy