Market cap
$6.08M
-0.04 %
Volume (24h)
$10.52K
-0.04 %
Circulating supply
9,526,217 OUSD
Total supply
9,526,216 OUSD
Origin Dollar (OUSD)
$ 1.00
-0.04 %
Main info
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Key data
updated $0Market cap$6.08M
Volume 24h$10.52K
Circulating supply9.53M
All-time high$7.46-87% from peak · 2021-05-18
Origin Dollar (OUSD) is a stablecoin issued by the Origin Protocol team, designed to always track the value of the US dollar. Unlike regular stablecoins that just sit in your wallet, OUSD automatically earns yield from DeFi lending markets and adds it directly to your balance. In plain terms, it's a dollar-pegged token where your balance grows over time without you needing to stake or lock anything.
Frequently asked questions
What is Origin Dollar and how is it different from USDT or USDC?
OUSD is a yield-generating stablecoin: its supply in your wallet grows automatically as it earns interest from lending protocols like Aave and Compound. USDT and USDC, by contrast, are static tokens that don't pay you anything just for holding them. The trade-off is that OUSD's value can deviate slightly from a dollar during market stress, since its peg depends on the underlying DeFi strategies.
How does Origin Dollar work technically?
OUSD runs on Ethereum as an ERC-20 token. When you mint it, your dollars are deployed into audited DeFi lending and market-making strategies, and the interest earned is automatically rebased into holders' balances. There's no minimum lock-up period, and you can redeem OUSD back into other stablecoins at any time, though redemptions may carry fees depending on which underlying assets are returned.
How is the supply of OUSD managed?
The supply is fully elastic: new OUSD is minted whenever users deposit stablecoins and burned when they redeem. Yield doesn't come from printing extra tokens out of thin air — it comes from actual interest generated by the underlying DeFi positions. This means supply always reflects real assets held by the protocol's vaults.
How can I store and use OUSD?
Since OUSD is an ERC-20 token, any Ethereum-compatible wallet like MetaMask or Ledger works fine. You can hold it to passively accumulate yield, use it in DeFi protocols that accept it, or swap it on decentralized exchanges. Keep in mind that some platforms snapshot balances rather than reading the rebasing supply, so check how each app handles rebasing tokens before depositing.