SBI Group Partners with Open Standard to Test JPYSC-OUSD Integration
SBI Group has joined Open Standard to explore interoperability between the Japanese Yen Stablecoin (JPYSC) and Open USD (OUSD).
SBI Group has joined Open Standard to explore interoperability between the Japanese Yen Stablecoin (JPYSC) and Open USD (OUSD). Open USD (OUSD) is trading at ₹95.03 ($0.9992). This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Fri, 16 Oct 2026 13:00:02 UTC.
This collaboration aims to enhance cross-border settlement efficiency between USD and JPY, leveraging blockchain technology for faster and more cost-effective transactions. It signifies growing institutional interest in stablecoin interoperability.
- SBI Group joins Open Standard coalition with major institutions like Visa and Mastercard.
- Proof-of-concept will test JPYSC and OUSD integration for cross-border settlement.
- OUSD has a circulating supply of $824.08M (DeFiLlama).
SBI Group has become the latest member of Open Standard, a global coalition dedicated to advancing stablecoin interoperability. The alliance includes major financial institutions such as Coinbase, Visa, BlackRock, and Mastercard.
As part of this collaboration, SBI Group will participate in a proof-of-concept project aimed at connecting OUSD with the Japanese Yen Stablecoin (JPYSC). The initiative seeks to explore the potential for faster, more efficient, and 24/7 cross-border settlement between the US dollar and Japanese yen.
The development comes as the total crypto market cap stands at $2.84 trillion, with 
Bitcoin experiencing a 24-hour increase of 2.03%. The Fear & Greed Index is at 63, indicating a 'Greed' sentiment in the market.
Open USD (OUSD), the stablecoin at the center of this initiative, has a circulating supply of $824.08 million according to DeFiLlama. OUSD is currently priced at $0.999166, showing a slight 24-hour decrease of 0.01% but a 7-day increase of 0.29%.
This partnership highlights the growing institutional interest in stablecoin technology and its potential to revolutionize cross-border transactions. The proof-of-concept will be closely watched for its outcomes and implications for the future of global finance.
Since this brief published about 1 hour ago, Open USD (OUSD) has moved from ₹95.02$0.9992 to ₹95.03$0.9992 — +0.01%.
The chart plots OUSD's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 OUSD ≈ ₹104.42 (about $0.9992), up 0.1% over 24 hours. The rupee itself trades about 9.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SBI Group Partners with Open Standard to Test JPYSC-OUSD Int — questions & answers
What is the purpose of the JPYSC-OUSD integration?
The integration aims to test interoperability for faster, more efficient 24/7 cross-border settlement between USD and JPY.
Which institutions are part of the Open Standard alliance?
The alliance includes SBI Group, Coinbase, Visa, BlackRock, and Mastercard.
What is the current market cap of OUSD?
OUSD has a circulating supply of $824.08 million (DeFiLlama).
How much is 1 Open USD worth in rupee today?
About ₹104.42 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9992. The rupee price moves with both OUSD's US-dollar price and the USDT/INR rate; use our Open USD in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.