Open Stable Network

What Open Stable Network does

Open Stable Network (OSN) is a private fintech company founded in 2024 that builds stablecoin-based infrastructure for cross-border payments and foreign exchange settlement. The company operates under parent Gala Equity Holdings Limited, with its primary legal entity OSN Limited Corp. incorporated in Panama and a subsidiary, OSN Finance Panama S.A., supporting its Latin America and global operations. OSN targets banks, payment providers, and enterprises that require programmable, compliant, and cost-efficient cross-border payment rails, with a stated geographic focus on the UAE, Philippines, broader Asia, Latin America, and the United States. The company is headquartered in Nashville, US, and operates with 11-50 employees.

OSN's product platform is composed of five integrated modules: a Global Mint and Redeem Hub for stablecoin issuance and redemption, a Deliverable FXEngine that performs atomic payment-versus-payment (PvP) and delivery-versus-payment (DvP) FX settlement, a Compliance Assurance Module that bundles regulatory and screening controls, Programmable Routing for orchestrating transactions across corridors, and a Yield Accrual component that generates returns on reserve balances. Together these components are designed to support end-to-end stablecoin-based remittance and B2B payment flows with embedded compliance and FX.

The business model is transaction-fee based, with OSN advertising fees up to 50% lower than competing cross-border payment providers. Go-to-market is API-led and B2B, targeting institutional counterparties — banks, payment service providers, and enterprises — rather than retail remitters directly. Distribution is supported by a regional operating presence, most notably the OSN Abu Dhabi joint venture established with The Blockchain Center Abu Dhabi in December 2025, which anchors the company within the UAE's regulated digital-asset ecosystem and underpins corridors such as the Philippines Payment Corridor launched in February 2026. The website remains in beta as of the latest available information, and the company has not disclosed transaction volumes, customer counts, funding, or revenue figures.

Name

Open Stable Network

Legal name

OSN Limited Corp.

Website

https://osnetwork.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Open Stable Network builds stablecoin-based infrastructure for cross-border payments and FX settlement, targeting banks, payment providers, and enterprises across the UAE, Philippines, Asia, Latin America, and the US via API-integrated, transaction-fee-based rails.

Ownership category

akta.pro rank

Product category

Cross-Border Payments Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Stablecoin Payment Rails & Settlement Networks (Issuer-Led) (FSADADAF)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Tokenization, Network Vaults & Credential Management (FSAGABAF), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB)

Keywords

• Stablecoin FX settlement
• Cross-border payments infrastructure
• On-chain money movement
• Stablecoin-fiat conversion
• Blockchain payment rails

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Fees: OSN charges transaction fees for FX settlement services, with fees up to 50% lower than leading payment platforms. Revenue is generated through transaction processing across stablecoin-fiat corridors including USD, AED, EUR, and PHP.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Open Stable Network (OSN) is an API-first fintech infrastructure platform that orchestrates global on-chain FX settlement between stablecoins and fiat currencies for cross-border money movement. It connects local currency stablecoins across jurisdictions through five integrated modules — Global Mint and Redeem Hub, Deliverable FXEngine, Compliance Assurance, Programmable Routing, and Yield Accrual — enabling banks, payment providers, and enterprises to move value across borders with instant pricing, atomic PvP/DvP settlement, and travel-rule compliant transactions.

Product overview

Open Stable Network (OSN) operates as a unified global on-chain FX settlement infrastructure platform for stablecoin-to-fiat money movement. The platform comprises five integrated modules: the Global Mint and Redeem Hub (providing 1:1 par-value local currency stablecoin connectivity), the Deliverable FXEngine (enabling atomic PvP/DvP settlement), the Compliance Assurance Module (for travel rule and audit compliance), Programmable Routing (combining bridging, swapping, and routing in single transactions), and Yield Accrual (for capital management and cash optimization). Banks, payment providers, and enterprises access these capabilities through APIs for cross-border money movement between stablecoins and fiat currencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Global Mint and Redeem Hub Unified connectivity module providing access to approved issuers for 1:1 par-value local currency stablecoins, enabling minting and redemption operations across jurisdictions. Designed for banks, payment providers, and enterprises integrating stablecoin liquidity.
• Deliverable FXEngine Real-time FX pricing engine that delivers instant and transparent foreign exchange pricing to support Payment-versus-Payment (PvP) and Delivery-versus-Payment (DvP) atomic settlement. Built for institutional cross-border payment flows.
• Compliance Assurance Module Identity verification and source-of-funds validation system applied to all transactions to satisfy travel rule reporting and audit requirements. Designed for regulated financial institutions and payment providers.
• Programmable Routing Configurable transaction routing module that combines bridging, swapping, and routing operations into a single transaction. Targets enterprises and payment providers that require flexible cross-border transfer rules.
• Yield Accrual Capital management module that supports cash optimization, capital preservation, and risk-limit management for institutions operating on the stablecoin FX infrastructure.
• Philippines Payment Corridor Cross-border payment corridor connecting the Middle East, Asia, the United States, Argentina, and Mexico to the Philippine financial system, serving the UAE-employed Filipino population and enterprise payment flows.

Quantifiable outcome

• Transaction fees up to 50% lower than leading payment platforms

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• The Blockchain Center Abu Dhabi (ADBC)coreStrategic or Co-development Partner · 10 December 2025OSN and The Blockchain Center Abu Dhabi signed a strategic partnership at Abu Dhabi Finance Week (ADFW) to jointly establish OSN Abu Dhabi, a UAE-based digital asset platform designed to deliver scalable and interoperable stablecoin settlement solutions. The partnership combines ADBC's regulatory and ecosystem expertise with OSN's technology and operational resilience to accelerate digital financial infrastructure development in the UAE, empowering institutions to adopt digital assets at scale while contributing to the UAE's diversified, innovation-driven economy vision.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Bridge (Stripe): Bridge, acquired by Stripe, builds stablecoin API infrastructure for businesses to issue, send, and receive stablecoins. It is an emerging player targeting developer-first enterprise integration, similar to OSN's API-first model for cross-border settlement.
• Yellow Card: Yellow Card operates stablecoin-powered payments across African and emerging markets, offering businesses cross-border settlement. It is comparable in targeting emerging-market FX corridors with stablecoin rails, though its geographic focus differs from OSN's UAE-Philippines anchor.
• Transak: Transak provides fiat-to-crypto and crypto-to-fiat payment infrastructure with global coverage and developer APIs. It overlaps with OSN's mint/redeem and on/off-ramp capabilities for stablecoins, though more retail/developer-skewed than OSN's enterprise focus.
• Conduit: Conduit provides stablecoin-powered cross-border payment and remittance infrastructure, particularly for emerging markets. It shares OSN's focus on stablecoin-to-fiat settlement for high-volume corridors like UAE-Philippines and similar remittance routes.

Broad incumbents

• MoneyGram International: MoneyGram is an established cross-border remittance network with strong UAE-Philippines corridor presence and a recently launched app-based stablecoin on/off-ramp. It competes head-on with OSN for remittance volume on the same corridor.
• Wise (formerly TransferWise): Wise is a leading multi-currency cross-border payment platform with transparent FX pricing, comparable to OSN's positioning on cost-efficient FX settlement for businesses. It is a broader incumbent whose pricing OSN's corridor fees undercut by up to 50%.
• Tether (StableX): Tether is the largest stablecoin issuer (USDT) and increasingly pushes into payment and settlement infrastructure. It represents a broader incumbent that could compete with or enable OSN's mint/redeem hub given its dominant stablecoin liquidity.

Direct peers

• BVNK: BVNK provides stablecoin payment infrastructure enabling businesses to send and receive funds across borders via stablecoins. It targets a similar enterprise and payment-provider customer base with comparable FX/corridor coverage to OSN.
• Ripple: Ripple (XRP/RippleNet/RLUSD) operates a cross-border payments and stablecoin settlement network connecting banks and payment providers. It is the most direct comparable as a bank-grade FX settlement network competing for the same institutional corridors as OSN.
• Circle: Circle (USDC issuer and Cross-Border Transfer/Payments infrastructure) provides stablecoin-based cross-border settlement rails for enterprises and financial institutions. It directly overlaps with OSN's stablecoin FX settlement value proposition, particularly for bank and payment-provider integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/OSNetwork_2025
• LinkedInlinkedin.com/company/osnetwork

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Open Stable Network