Convert OUSG OUSG to Drift Protocol DRIFT
1 OUSG converts to 6,597.92 DRIFT
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Restrictions apply, see full terms.
About OUSG and DRIFT
OUSG is climbing, while Drift Protocol is falling this week. The current OUSG to DRIFT conversion rate is 6,597.92. Inversely, this means that if you convert 1 DRIFT you will get 0.0001516 OUSG. The conversion rate of OUSG/DRIFT has decreased by 0% in the last hour (DRIFT/OUSG increased by 0%). In the last 24 hours, OUSG/DRIFT grew by 0.01%, while DRIFT/OUSG shrunk by the same amount.
The exchange rate of OUSG is increasing. The current value of 1 OUSG is 6,597.92 DRIFT. In other words, to buy 5 OUSG, it would cost you 32,989.62 DRIFT. Inversely, 1 DRIFT would allow you to trade for 0.0001516 OUSG while 50 DRIFT would convert to 0.007578 OUSG, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 38.64%. Meanwhile, in the last 24 hours, the rate has changed by 0.01%, which means that the highest exchange rate of 1 OUSG to DRIFT was 6,861.89 DRIFT and the lowest 24 hour value was 1 OUSG for 6,483.50 DRIFT. Last month, 1 OUSG was worth 2,990.50 DRIFT. Today, it's up 54.68%. Looking back a year, OUSG has changed by 235.90 DRIFT. That means that in a single year, the value of OUSG has grown by 96.42%.
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.
Drift Protocol Market Stats
Drift Protocol is a decentralized exchange built on Solana. Drift Protocol supports token swaps, spot margin trading, and perpetual futures trading. DRIFT is the governance token of the Drift DAO. Token holders can vote on governance proposals related to protocol development. Proposals may involve determining protocol fees, setting technical parameters, and treasury management.
Conversion tables
OUSG to DRIFT values from Today at 3:24 pm
0.5 OUSG = 3,298.96 DRIFT |
1 OUSG = 6,597.92 DRIFT |
5 OUSG = 32,989.62 DRIFT |
10 OUSG = 65,979.24 DRIFT |
50 OUSG = 329,896.22 DRIFT |
100 OUSG = 659,792.43 DRIFT |
500 OUSG = 3,298,962.17 DRIFT |
1,000 OUSG = 6,597,924.34 DRIFT |
DRIFT to OUSG values from Today at 3:24 pm
0.5 DRIFT = 0.00007578 OUSG |
1 DRIFT = 0.0001516 OUSG |
5 DRIFT = 0.0007578 OUSG |
10 DRIFT = 0.001516 OUSG |
50 DRIFT = 0.007578 OUSG |
100 DRIFT = 0.01516 OUSG |
500 DRIFT = 0.07578 OUSG |
1,000 DRIFT = 0.1516 OUSG |
OUSG to DRIFT over time
OUSG | Today | 24H 0.01% | 1M 54.68% | 1Y 96.42% |
|---|---|---|---|---|
0.5 OUSG | 3,298.96 DRIFT | 3,298.66 DRIFT | 1,495.25 DRIFT | 117.95 DRIFT |
1 OUSG | 6,597.92 DRIFT | 6,597.32 DRIFT | 2,990.50 DRIFT | 235.90 DRIFT |
5 OUSG | 32,989.62 DRIFT | 32,986.62 DRIFT | 14,952.49 DRIFT | 1,179.48 DRIFT |
10 OUSG | 65,979.24 DRIFT | 65,973.23 DRIFT | 29,904.98 DRIFT | 2,358.97 DRIFT |
50 OUSG | 329,896.22 DRIFT | 329,866.16 DRIFT | 149,524.92 DRIFT | 11,794.84 DRIFT |
100 OUSG | 659,792.43 DRIFT | 659,732.33 DRIFT | 299,049.84 DRIFT | 23,589.69 DRIFT |
500 OUSG | 3,298,962.17 DRIFT | 3,298,661.63 DRIFT | 1,495,249.18 DRIFT | 117,948.44 DRIFT |
1,000 OUSG | 6,597,924.34 DRIFT | 6,597,323.26 DRIFT | 2,990,498.36 DRIFT | 235,896.88 DRIFT |
Frequently asked questions
Right now, 1 OUSG is worth about $115.46.
Based on the current rate, you could get 0.008661 OUSG for 1 USD.
OUSG price has been on the rise. Since yesterday, the exchange rate of OUSG has increased. Since last month, the exchange rate of OUSG has increased. Since this time last year, the price of OUSG has increased.
You can use our OUSG to USD calculator at the top of this page to convert any amount of OUSG to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 0.0433 OUSG. Inversely, 5 OUSG will cost about $577.32
OUSG can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy OUSG.
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