Kraken said OUSD trading and funding will go live on September 30, 2026. Open USD (OUSD) is a stablecoin designed for businesses that move money, including banks, payment providers, fintechs, marketplaces and exchanges. It is governed and operated by Open Standard, an independent company. Businesses can mint and redeem OUSD without fees, while most reserve-generated revenue goes to businesses that adopt and distribute the token. The reserves are held at financial institutions in line with US regulatory requirements. Kraken users must deposit OUSD through networks supported by the exchange, as deposits sent through other networks will be lost. Trading through the Kraken App and Instant Buy will become available once liquidity conditions are met, and geographic restrictions may apply. Kraken said future token listings will be announced shortly before launch through its Listings Roadmap and social media profiles, while client engagement specialists cannot provide information about potential future listings.