Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
Open USD (OUSD) Launches
#OUSDStablecoinLaunch
A new player has entered the stablecoin market, and the list of backers behind it is on an unprecedented scale. Over 140 major companies are backing it.
What Makes OUSD Different?
OUSD differs from existing stablecoins in two key areas: revenue distribution and governance structure.
In the current system, issuers like Tether and Circle keep the interest income they earn from reserves for themselves. Circle's revenue comes from approximately 96% of this source. OUSD reverses this model. Partners can mint and redeem the stablecoin for free, and almost all of the return from reserves is distributed to partners after a small governance fee is deducted.
The governance structure is also different. The stablecoin is not controlled by a single company. It is managed by an independent organization called Open Standard, and its board of directors consists of partner companies.
The Team Behind It and Its Distribution Power
The project is headed by Zach Abrams, co-founder of Bridge, a stablecoin infrastructure startup acquired by Stripe last year for $1.1 billion.
Stripe announced plans to make OUSD the default stablecoin across its entire trading platform. This alone provides the token with a massive distribution channel.
The token is initially launching on the Solana network and is planned to expand to other networks such as Stellar, Base, and Polygon later in the year.
Market Reaction: Circle Stock Drops
#CirclePlunges17%
The market reaction to the announcement was swift and sharp. Circle's stock price fell by 13% to 17.5% in a single session. Investors priced OUSD as a direct threat to USDC's dominant position.
The magnitude of the reaction is understandable. Circle's revenue model relies heavily on reserve interest, and OUSD targets precisely this mechanism.
The Real Test Hasn't Been Started Yet
While OUSD is the most widely supported stablecoin launch to date, its success will depend more on real usage than on its list of partners. The real metric to watch isn't the partnership list, but whether on-chain circulation and transaction volume increase as Stripe and other payment partners begin routing real trading volume through OUSD.