Origin Dollar (OUSD) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #152 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
OUSD price
$0.9991
On peg Circulating supply
$6.1M
30-day change
-2.3%
Price
$0.9991
Blockchains
1
Tracked since
Jan 2021
What is OUSD?
Origin Dollar (OUSD) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #152 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: OUSD is a yield-earning, rebasing stablecoin that is backed 1:1 by other stablecoins like USDT, USDC and DAI.
OUSD supply history
$9.9M$5.0M
Oct 8, 2025Oct 8, 2026
$305M$0
Jan 6, 2021Oct 8, 2026
OUSD supply fell 2.3% over the past 30 days, to $6.1M. Its peak was $297M in January 2022, and supply is 98% below that high.
Is OUSD holding its peg?
Last price
$0.9991
Target
1.0000 USD
Status
On pegOUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where OUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all OUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How OUSD is backed
OUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Using the Origin Dollar app, users swap USDC, USDT, or DAI to mint OUSD 1:1. OUSD can be redeemed for USDC, USDT, or DAI 1:1 at any time.
Reserve reports and audits: docs.ousd.com
OUSD risks
Collateral and liquidations
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Smart contracts and oracles
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
Small and thinly traded
With $6.1M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
OUSD vs USDT and USDC
Similar crypto-backed stablecoins
See all →
OUSD in the news
Visa’s Sheffield Puts Adjusted x402 Volume at $19M — But 4,000 Wallets Drive 90% of Spending
OUSD FAQ
What is OUSD?
Origin Dollar (OUSD) is a crypto-backed US dollar stablecoin. It has about $6.1M in circulation, ranking #152 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is OUSD pegged 1:1 to the US dollar?
OUSD targets 1 USD. At the last update it traded at $0.9991, a deviation of -0.09%, which we classify as "on peg".
What backs OUSD?
OUSD is a crypto-backed stablecoin. OUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is OUSD on?
OUSD is live on 1 blockchain. The largest by supply are Ethereum ($6.1M).
How much OUSD is in circulation?
About $6.1M of OUSD was in circulation at the last update, -2.3% over 30 days. That makes it the #152 stablecoin by supply among those we track.
Is OUSD safe?
No stablecoin is risk-free. As a crypto-backed design, OUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.