OpenUSD (OUSD), a consortium-based stablecoin introduced earlier this year by Stripe, Visa, Mastercard, Coinbase and Shopify, will charge a 0.1 basis point fee on payment volume, capped at $0.01 per payment, according to private documents seen by CoinDesk. The fee is paid to Open Standard, the company behind OUSD. Payments of $1,000 or more incur the cap, while a $1 million transfer that would otherwise generate a $10 fee is limited to one cent. Open Standard says OUSD is designed to simplify cross-border settlement and bring fiat-currency conversion costs close to zero. Unlike USDT and USDC, whose issuers retain reserve interest, OUSD will distribute reserve interest to partners after deducting the management fee. Partners can also earn equity based on the amount of OUSD they hold and move, with monthly measurements determining their share of an annual earn-in pool. Participation requires at least $50 million, and any single partner is capped at 5% ownership when all warrants are earned. The five founding partners have each committed more than $1 billion in near-term launch liquidity, while Visa has released more than 100 pages of technical and user guidance for firms integrating OUSD through its Visa Stablecoin Platform.