Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
About RED and OUSG
Redstone is falling, while OUSG is climbing this week. The current RED to OUSG conversion rate is 0.0008266. Inversely, this means that if you convert 1 OUSG you will get 1,209.79 RED. The conversion rate of RED/OUSG has decreased by 2.31% in the last hour (OUSG/RED increased by 2.31%). In the last 24 hours, RED/OUSG shrunk by 9.87%, while OUSG/RED grew by the same amount.
The exchange rate of Redstone is decreasing. The current value of 1 RED is 0.0008266 OUSG. In other words, to buy 5 Redstone, it would cost you 0.004133 OUSG. Inversely, 1 OUSG would allow you to trade for 1,209.79 RED while 50 OUSG would convert to 60,489.42 RED, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 24.75%. Meanwhile, in the last 24 hours, the rate has changed by 9.96%, and that the highest exchange rate of 1 RED to OUSG was 0.000912 OUSG and the lowest 24 hour value was 1 RED for 0.0008011 OUSG. Last month, 1 RED was worth 0.001243 OUSG. Today, it's down 50.35%. Looking back a year, Redstone has changed by 0.003015 OUSG. That means that in a single year, the value of Redstone has shrank by 264.75%.
Redstone Market Stats
Redstone is a modular blockchain oracle. Redstone’s native token, RED, can be staked by data providers, who supply data to RedStone’s modular oracle network, and by token holders, who enhance network security through direct staking in RedStone’s EigenLayer Actively Validated Service (AVS).
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
RED to OUSG values from Today at 11:45 pm
0.5 RED = 0.0004133 OUSG |
1 RED = 0.0008266 OUSG |
5 RED = 0.004133 OUSG |
10 RED = 0.008266 OUSG |
50 RED = 0.04133 OUSG |
100 RED = 0.08266 OUSG |
500 RED = 0.4133 OUSG |
1,000 RED = 0.8266 OUSG |
OUSG to RED values from Today at 11:44 pm
0.5 OUSG = 604.89 RED |
1 OUSG = 1,209.79 RED |
5 OUSG = 6,048.94 RED |
10 OUSG = 12,097.88 RED |
50 OUSG = 60,489.42 RED |
100 OUSG = 120,978.85 RED |
500 OUSG = 604,894.25 RED |
1,000 OUSG = 1,209,788.50 RED |
RED to OUSG over time
RED | Today | 24H -9.96% | 1M -50.35% | 1Y -264.75% |
|---|---|---|---|---|
0.5 RED | 0.0004133 OUSG | 0.0004545 OUSG | 0.0006214 OUSG | 0.001507 OUSG |
1 RED | 0.0008266 OUSG | 0.0009089 OUSG | 0.001243 OUSG | 0.003015 OUSG |
5 RED | 0.004133 OUSG | 0.004545 OUSG | 0.006214 OUSG | 0.01507 OUSG |
10 RED | 0.008266 OUSG | 0.009089 OUSG | 0.01243 OUSG | 0.03015 OUSG |
50 RED | 0.04133 OUSG | 0.04545 OUSG | 0.06214 OUSG | 0.1507 OUSG |
100 RED | 0.08266 OUSG | 0.09089 OUSG | 0.1243 OUSG | 0.3015 OUSG |
500 RED | 0.4133 OUSG | 0.4545 OUSG | 0.6214 OUSG | 1.51 OUSG |
1,000 RED | 0.8266 OUSG | 0.9089 OUSG | 1.24 OUSG | 3.01 OUSG |
Frequently asked questions
Right now, 1 Redstone is worth about $0.09545.
Based on the current rate, you could get 10.48 RED for 1 USD.
Redstone price has been declining. Since yesterday, the exchange rate of Redstone has decreased. Since last month, the exchange rate of Redstone has decreased. Since this time last year, the price of Redstone has decreased.
You can use our RED to USD calculator at the top of this page to convert any amount of RED to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 52.38 RED. Inversely, 5 RED will cost about $0.4772
Redstone is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Redstone.
There are a number of crypto assets that have the a similar or comparable market cap to Redstone, including Eli Lilly tokenized stock (xStock), Merck tokenized stock (xStock), and Zora. For a more robust list of assets to explore, jump to the asset page dedicated to Redstone.
Buy Redstone with Coinbase
Create a Coinbase account to buy and sell Redstone on the most secure crypto exchange.
Related conversions
Learn how to buy popular cryptocurrencies
Discover other cryptocurrencies to currency conversions
Discover other cryptocurrency conversions
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
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.