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Origin Dollar

OUSD

Price
$0.99
9/25/2022, 5:59:18 AM
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Market

Market stats

Market cap

$46.9M

Volume (24h)

$204,158.20

Circulating supply

47.3M OUSD

All time high

$1.84

Price change (1h)

+0.02%

Price change (24h)

-0.11%

Price change (7d)

+0.03%

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Origin Dollar is on the rise this week.

The price of Origin Dollar has risen by 0.03% in the past 7 days. The price declined by 0.11% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is $0.992315 per OUSD. Origin Dollar is 46.07% below the all time high of $1.84.

The current circulating supply is 47,251,350.407 OUSD.

About

](https://www.coinbase.com/price/origin-dollar)

What Is the Origin Dollar (OUSD)?

Origin Dollar (OUSD) is an ERC-20-based compliant token for the Ethereum network. It intends to be a stable currency backed 1:1 by other stablecoins like USDT, USDC, and DAI. The token is specially designed to offer competitive yields while passively being in wallets.

The OUSD aims to provide users with earning opportunities across DeFi. For instance, the OUSD smart contract deploys users’ underlying capital in diversified yield-earning strategies, rebalancing overtime while diversifying the risk. In addition, no staking or lockups are required. DeFi yields are converted to OUSD automatically and accumulate in users’ wallets.

Moreover, DeFi traders can automatically calculate their earnings as they can easily see their constantly updated OUSD balances with interest compounds. OUSD envisions it as an ideal stablecoin for DeFi yield farmers and new cryptocurrency users.

Unlike other tokens, OUSD asserts to work differently. Instead of increasing price as the value of the assets under management increases (Compound cTokens or Yearn yTokens), one OUSD remains constant at approximately $1. The OUSD contracts constantly adjust the monetary supply and automatically update the balance in every token holder's wallet to reflect the protocol's yield. 

OUSD integrates with DeFi lending platforms that offer over-collateralized loans. Over-collateralization, combined with smart rules around liquidations, provides a reasonable security level for lenders. Users can even protect their holdings with smart contract insurance. A user can also make a financial bet on contracts' security and earn a yield by providing coverage.

Unique to the industry, OUSD beats traditional savings and markets by offering an estimated APY of 14.64 percent, instantaneous peer-to-peer transfers, and remittances without fees.

History of Origin Dollar (OUSD):

OUSD was initially introduced in September 2020. Josh Fraser (cofounder), Matthew Liu (Cofounder), Yu Pan (founding engineer), and Max Unger (head of community) are the core team members of the Origin Dollar ecosystem.

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FAQ

What is the current price of Origin Dollar?

The price of 1 Origin Dollar currently costs $0.99.

What is the market cap of Origin Dollar?

The current market cap of Origin Dollar is $46.89M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Origin Dollar?

The all-time high of Origin Dollar is $1.84. This all-time high is highest price paid for Origin Dollar since it was launched.

What is the 24 hour trading volume of Origin Dollar?

Over the last 24 hours, the trading volume of Origin Dollar is $204.16K.

What other assets are similar to Origin Dollar?

Assets that have a similar market cap to Origin Dollar include Wirex Token, Alpha Finance Lab, CONUN, and many others. To see a full list, see our comparable market cap assets.

How many Origin Dollar are there?

The current circulating supply of Origin Dollar is 47 million.

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