Market data as of ,
the same daily snapshot the tracker publishes. Peg drift is the
largest single-day distance from par over the last 30 days, for USD-pegged tokens only.
OUSD is a USD-pegged, yield-bearing token launched in 2020. Origin documentation states that OUSD is currently backed by USDC and generates yield through Morpho and Curve strategies, with yield distributed through rebasing.
Chains holding at least $1M of this token, from the daily cross-chain compilation.
The total may differ from the market capitalization above, which is a separate
measurement.
03
Contract addresses
1 chain
Chain
Address
Ethereum
0x2a8e1e676ec238d8a992307b495b45b3feaa5e86
Addresses as recorded for this token. Verify against the
issuer's own published address before sending funds.
OUSD is a USD-pegged, yield-bearing token launched in 2020. Origin documentation states that OUSD is currently backed by USDC and generates yield through Morpho and Curve strategies, with yield distributed through rebasing.
Key Features
Rebasing token that increases holder balances as yield is distributed
100% USDC backing under current documentation
Collateral deployed into Morpho and Curve strategies
Direct 1:1 USDC redemption through the Origin dapp
Reserve Backing
USDC.
Supported Networks
Available on Ethereum.
05
Recent activity
2026-07-01AdoptionCircle CEO touts USDC's network advantage as OUSD emergescointelegraph.com
2020-11-16DepegSmart-contract exploit affecting the OUSD vaultlow $0.54
OUSD is a USD-pegged, yield-bearing token launched in 2020. Origin documentation states that OUSD is currently backed by USDC and generates yield through Morpho and Curve strategies, with yield distributed through rebasing.
How is OUSD backed?
USDC
Which networks carry OUSD?
OUSD is recorded on 1 network, Ethereum.
What is the market capitalization of OUSD?
OUSD has a market capitalization of $6M as of 11 October 2026.
Has OUSD ever broken its peg?
The most recent recorded depeg for OUSD occurred on 16 November 2020, when its price fell to $0.54.