Open Standard CEO says OUSD equity distribution will track partner contributions

Open Standard, a stablecoin project backed by Mastercard, Visa and Stripe, has officially launched OUSD and applied a stablecoin economic distribution mechanism to the token, CEO Zach Abrams said, according to CoinDesk. The project plans to distribute most equity over the next four to five years to founding partners and other network partners based on their contributions. Partners that meet minimum participation thresholds will receive equity based on OUSD supply and transaction activity. The criteria were not disclosed. Abrams said founding partners will not receive any special profit-sharing treatment and will instead be subject to the same rules as other partners, with rewards tied to OUSD supply.