Open Standard sets OUSD fee, offers equity earning pool
In short
Open Standard, the group behind OUSD, said it will charge a 0.1 basis point management fee on payment volume.
The fee is capped at $0.01 for each payment, and the group also offered an equity earning pool. The report does not explain who can join the pool or when the change starts.
What the reporting says
Open Standard, the governance group behind OUSD, said it will charge a 0.1 basis point management fee on payment volume, capped at $0.01 per payment. The summary also says it is offering an equity earning pool, though no further terms were provided. What remains unknown is how the pool works, who qualifies, and when the change takes effect.
Why it matters
Open Standard, the governance group behind OUSD, said it will charge a 0.1 basis point management fee on payment volume, capped at $0.01 per payment. The summary also says it is offering an equity earning pool, but gives no details on eligibility or distribution mechanics. The reporting does not state when the fee begins or how much revenue it may generate.