Origin Dollar (OUSD) stablecoin analytics
OUSD is Origin Protocol's yield-bearing rebasing USDC wrapper; deposits are deployed across Morpho and Curve strategies and yield is paid via rebase.
Static Profile
Static stablecoin profile
Origin Dollar (OUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Jun 12, 2026
Yield-bearing rebasing USDC wrapper that deploys deposits into Morpho and Curve strategies; non-opted holders subsidize opted holders, with one of the stronger permissionless redemption backstops in the yield-bearing set. Origin Dollar is fully backed by USDC routed through...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 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.
Snippet Answer
Is OUSD safe?
Pharos does not mark OUSD as absolutely safe. 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 freeze or administrative control exposure is possible but not fully confirmed. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
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 Jun 12, 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?
Pharos does not mark OUSD as absolutely safe. 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 freeze or administrative control exposure is possible but not fully confirmed. 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, freeze or administrative control exposure is possible but not fully confirmed. Live freeze and blacklist events for OUSD, when applicable, appear in the dossier below.