Origin Dollar (OUSD) stablecoin analytics
Answer First
What is Origin Dollar (OUSD)?
OUSD is Origin Protocol's yield-bearing rebasing USDC wrapper; deposits are deployed across Morpho and Curve strategies and yield is paid via rebase. The static profile records its US Dollar peg mechanism as: Minted 1:1 against USDC into the OUSD Vault, which deploys backing into Morpho lending and a Curve OUSD/USDC AMO; $1 par is held by 1:1 Vault redemption to USDC (a ~10 minute buffer delay, up to 24 hours when the buffer needs to be...
Is OUSD safe?
OUSD holds a B- Safety Score grade (66/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Origin Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Origin Analytics dashboard; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Origin Dollar (OUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Origin Dollar is a rebasing USDC wrapper: deposits are minted 1:1 into the OUSD Vault, which deploys the USDC into Morpho lending and Curve AMO liquidity, and opted-in balances grow daily without staking or locking. Smart contracts must explicitly opt in to receive yield, so OUSD sitting in non-opted AMM pools transfers its attributable return to opted-in balances. Permissionless atomic stablecoin redemption at a small fee provides a structural floor that a long tail of brief depeg episodes has tested but not...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- USDC deployed into DeFi strategies (Morpho, Curve)
- Peg Mechanism
- Minted 1:1 against USDC into the OUSD Vault, which deploys backing into Morpho lending and a Curve OUSD/USDC AMO; $1 par is held by 1:1 Vault redemption to USDC (a ~10 minute buffer delay, up to 24 hours when the buffer needs to be refilled) plus instant Curve AMO swap arbitrage. Yield is distributed via daily rebasing.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- Real-Time PoR by Origin Analytics dashboard Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety ousd-origin-protocol
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
OUSD quick answers
What is Origin Dollar (OUSD)?
OUSD is Origin Protocol's yield-bearing rebasing USDC wrapper; deposits are deployed across Morpho and Curve strategies and yield is paid via rebase. The static profile records its US Dollar peg mechanism as: Minted 1:1 against USDC into the OUSD Vault, which deploys backing into Morpho lending and a Curve OUSD/USDC AMO; $1 par is held by 1:1 Vault redemption to USDC (a ~10 minute buffer delay, up to 24 hours when the buffer needs to be...
Is OUSD safe?
OUSD holds a B- Safety Score grade (66/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Origin Dollar uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Origin Analytics dashboard; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs OUSD?
Pharos classifies OUSD backing as Crypto-Collateralized. Collateral, per the static profile: USDC deployed into DeFi strategies (Morpho, Curve) Reserve evidence: Real-Time PoR from Origin Analytics dashboard.
Can OUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for OUSD, when applicable, appear in the dossier below.
