Aave Labs proposes OUSD listing with collateral disabled

What happened

Aave Labs proposed listing Open USD on Ethereum V3 Core and V4 Core as a supply and borrow asset.

What changed

The concrete listing proposal adds an issuer-controlled stablecoin to the research pipeline. The ARFC describes upgrade, pause, freeze, seizure, and transfer-policy powers that require listing diligence.

What did not change

No listing authorization or execution is established. Collateral use is disabled in the proposal, and future collateral enablement would require separate governance.

Confirmed

• The ARFC proposes supply and borrowing access with collateral disabled.
• The proposal describes Bridge Building Inc as issuer and Open Standard as program company.
• The ARFC describes privileged issuer functions and an external policy registry.
• Final parameters await risk recommendations and production Chainlink feeds.
• Snapshot and an AIP are described as subsequent steps.

Still open

• Final caps, reserve factor, interest-rate model, and oracle configuration.
• Independent verification of the deployed token's authority and audit mapping.
• Approval and execution status.
• Operational redemption limits and available reserve attestations.

What it means for an advisor

• Monitor the listing and require a complete issuer, control, reserve, and redemption review before extending the Aave memo's supported exposure perimeter.
• Preserve the distinction between a supply-and-borrow listing and collateral approval.