About FBTC and OUSG
Function is falling, while OUSG is climbing this week. The current FBTC to OUSG conversion rate is 551.86. Inversely, this means that if you convert 1 OUSG you will get 0.001812 FBTC. The conversion rate of FBTC/OUSG has increased by 0% in the last hour (OUSG/FBTC decreased by 0%). In the last 24 hours, FBTC/OUSG shrunk by 1.16%, while OUSG/FBTC grew by the same amount.
The exchange rate of Function is decreasing. The current value of 1 FBTC is 551.86 OUSG. In other words, to buy 5 Function, it would cost you 2,759.32 OUSG. Inversely, 1 OUSG would allow you to trade for 0.001812 FBTC while 50 OUSG would convert to 0.0906 FBTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 1.91%. Meanwhile, in the last 24 hours, the rate has changed by 1.15%, which means that the highest exchange rate of 1 FBTC to OUSG was 559.18 OUSG and the lowest 24 hour value was 1 FBTC for 551.30 OUSG. Last month, 1 FBTC was worth 544.57 OUSG. Today, it's up 1.32%. Looking back a year, Function has changed by 1,047.64 OUSG. That means that in a single year, the value of Function has shrank by 89.84%.
Function Market Stats
Function is building the financial infrastructure that makes Bitcoin productive, unlocking yield, liquidity, and capital efficiency for holders across DeFi and traditional finance. FBTC turns Bitcoin into an asset that works. FBTC represents the first omnichain Bitcoin yield asset, enabling BTC holders to participate in structured, risk-managed and programmatic yield strategies. FBTC is fully backed on a 1:1 basis with BTC, Bitcoin Reserve Address List is public and can be verified at any time. FBTC combines the security of Bitcoin reserves with the flexibility of smart contracts, creating a secure and efficient bridge between the Bitcoin network and modern DeFi protocols. FBTC turns idle BTC into a functional and productive asset. The primary purpose of FBTC is to bring native Bitcoin liquidity into DeFi. Enabling Bitcoin holders to access a wide range of yield generating strategies, without having to sell their BTC. This not only enhances the utility of BTC but also allows holders to earn returns on their assets, making FBTC a powerful tool for maximizing the potential of Bitcoin in the DeFi ecosystem
OUSG Market Stats
OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance. The significant majority of this portfolio is held in the iShares Short Treasury Bond ETF (NASDAQ: SHV). There is also a small portion of USDC and USD for liquidity purposes. OUSG brings exposure to the ‘risk-free’ US Treasury rate on-chain for the first time. OUSG is an investment option that delivers a stable and predictable return while offering deep liquidity. Ondo funds such as OUSG only ever invest into ETFs backed by secure, stable, and liquid securities; these are the same assets in which trillions of dollars are invested every day by the world's largest institutions. OUSG was developed alongside two other fund tokens, OSTB and OHYG, by Ondo Finance, a software development firm in DeFi. Ondo launched in August 2021. Its first product was Ondo Vaults, a structured finance protocol on Ethereum. Later that year, Ondo launched Liquidity-as-a-Service (LaaS), facilitating over $210M in total liquidity provided. As DeFi yields compressed in 2022, the Ondo team decided to sunset Vaults and LaaS (together, "Ondo V1") to focus on next-generation protocols. Ondo V2, including Ondo’s tokenized funds, were announced by Nathan Allman in January 2023. Ondo funds subsequently opened to subscriptions soon after. What can OUSG be Used For? For investors who pass KYC and AML screening and sign subscription documents, OUSG tokens represent ownership in the fund. Investors can transfer these tokens between each other to effect changes in fund ownership. Investors can also use smart contracts to facilitate their financial arrangements such as by engaging in lending and trading activities with each other. The tokens themselves have transfer restrictions that will ensure they do not end up in the hands of anyone not appropriately qualified as an investor in the fund.
Conversion tables
FBTC to OUSG values from Today at 10:23 am
0.5 FBTC = 275.93 OUSG |
1 FBTC = 551.86 OUSG |
5 FBTC = 2,759.32 OUSG |
10 FBTC = 5,518.63 OUSG |
50 FBTC = 27,593.17 OUSG |
100 FBTC = 55,186.34 OUSG |
500 FBTC = 275,931.71 OUSG |
1,000 FBTC = 551,863.43 OUSG |
OUSG to FBTC values from Today at 10:25 am
0.5 OUSG = 0.000906 FBTC |
1 OUSG = 0.001812 FBTC |
5 OUSG = 0.00906 FBTC |
10 OUSG = 0.01812 FBTC |
50 OUSG = 0.0906 FBTC |
100 OUSG = 0.1812 FBTC |
500 OUSG = 0.906 FBTC |
1,000 OUSG = 1.81 FBTC |
FBTC to OUSG over time
FBTC | Today | 24H -1.15% | 1M 1.32% | 1Y -89.84% |
|---|---|---|---|---|
0.5 FBTC | 275.93 OUSG | 279.11 OUSG | 272.29 OUSG | 523.82 OUSG |
1 FBTC | 551.86 OUSG | 558.22 OUSG | 544.57 OUSG | 1,047.64 OUSG |
5 FBTC | 2,759.32 OUSG | 2,791.09 OUSG | 2,722.86 OUSG | 5,238.21 OUSG |
10 FBTC | 5,518.63 OUSG | 5,582.18 OUSG | 5,445.71 OUSG | 10,476.42 OUSG |
50 FBTC | 27,593.17 OUSG | 27,910.90 OUSG | 27,228.57 OUSG | 52,382.09 OUSG |
100 FBTC | 55,186.34 OUSG | 55,821.80 OUSG | 54,457.14 OUSG | 104,764.19 OUSG |
500 FBTC | 275,931.71 OUSG | 279,109.00 OUSG | 272,285.71 OUSG | 523,820.94 OUSG |
1,000 FBTC | 551,863.43 OUSG | 558,218.00 OUSG | 544,571.41 OUSG | 1,047,641.89 OUSG |
Frequently asked questions
Right now, 1 Function is worth about $63,974.07.
Based on the current rate, you could get 0.00001563 FBTC for 1 USD.
Function price has been declining. Since yesterday, the exchange rate of Function has decreased. Since last month, the exchange rate of Function has increased. Since this time last year, the price of Function has decreased.
You can use our FBTC to USD calculator at the top of this page to convert any amount of FBTC to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.00007816 FBTC. Inversely, 5 FBTC will cost about $319,870.36
Function can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Function.
There are a number of crypto assets that have the a similar or comparable market cap to Function, including Lista Staked BNB, syrupUSDT, and Bond USD0. For a more robust list of assets to explore, jump to the asset page dedicated to Function.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.




