Ondo OUSG (OUSG) stablecoin analytics
Answer First
What is Ondo OUSG (OUSG)?
OUSG is Ondo's tokenized U.S. T-Bill fund backed mainly by BlackRock BUIDL; a NAV-accreting share (not $1-pegged) limited to U.S. Qualified Purchasers. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting fund share token (not pegged to $1); token price rises daily as Treasury income accrues; instant mint/redemption at daily NAV via OUSGInstantManager against USDC (T+0 settlement via BUIDL on-chain liquidity); token transfers...
Is OUSG safe?
OUSG holds a C+ Safety Score grade (60/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Ondo OUSG uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from NAV Consulting, Inc. (fund administrator; daily third-party reporting per ondo.finance/ousg; administrator not named on current public pages, and the former Google Drive report folder is now sign-in-gated, so the record points at Ondo's legal-documentation portal); 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
Ondo OUSG (OUSG) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
OUSG is Ondo's tokenized U.S. Treasury fund share: a NAV-accreting token whose price has compounded far above a dollar rather than a pegged coin, restricted to U.S. Qualified Purchasers with on-chain KYC enforcement, so tokens cannot transfer to non-whitelisted addresses. The portfolio is no longer a BUIDL proxy. Ondo's July 2026 position table spreads the fund across State Street's Galaxy SWEEP, BlackRock BUIDL, Franklin BENJI, and Fidelity FYOXX, each with a double-digit share, plus small bank-deposit and USDC...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Ondo OUSG documentation
- Collateral
- Primarily BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which holds short-term U.S. Treasury bills, cash, and repurchase agreements; secondary allocations to BlackRock FedFund (TFDXX) and USDC for liquidity; Ondo I LP is the largest single holder of BUIDL; migrated from iShares SHV ETF to BUIDL in March 2024
- Peg Mechanism
- NAV-accreting fund share token (not pegged to $1); token price rises daily as Treasury income accrues; instant mint/redemption at daily NAV via OUSGInstantManager against USDC (T+0 settlement via BUIDL on-chain liquidity); token transfers restricted to KYC-verified whitelisted addresses on-chain
- Jurisdiction
- United States / SEC / Reg D Rule 506(c); Section 3(c)(7) exemption; restricted to U.S. Qualified Purchasers
- Proof Of Reserves
- Independent Audit by NAV Consulting, Inc. (fund administrator; daily third-party reporting per ondo.finance/ousg; administrator not named on current public pages, and the former Google Drive report folder is now sign-in-gated, so the record points at Ondo's legal-documentation portal) Reserve source
- Contracts
- 4 deployments tracked across Ethereum, Polygon, Solana, and XRP Ledger.
Next Actions
Exact bot target: /subscribe dews,depeg,safety ousg-ondo-finance
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.
OUSG quick answers
What is Ondo OUSG (OUSG)?
OUSG is Ondo's tokenized U.S. T-Bill fund backed mainly by BlackRock BUIDL; a NAV-accreting share (not $1-pegged) limited to U.S. Qualified Purchasers. The static profile records its US Dollar-denominated NAV accounting mechanism as: NAV-accreting fund share token (not pegged to $1); token price rises daily as Treasury income accrues; instant mint/redemption at daily NAV via OUSGInstantManager against USDC (T+0 settlement via BUIDL on-chain liquidity); token transfers...
Is OUSG safe?
OUSG holds a C+ Safety Score grade (60/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Ondo OUSG uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from NAV Consulting, Inc. (fund administrator; daily third-party reporting per ondo.finance/ousg; administrator not named on current public pages, and the former Google Drive report folder is now sign-in-gated, so the record points at Ondo's legal-documentation portal); 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 OUSG?
Pharos classifies OUSG backing as Real-World Asset Backed. Collateral, per the static profile: Primarily BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which holds short-term U.S. Treasury bills, cash, and repurchase agreements; secondary allocations to BlackRock FedFund (TFDXX) and USDC for liquidity; Ondo I LP is the... Reserve evidence: Independent Audit from NAV Consulting, Inc. (fund administrator; daily third-party reporting per ondo.finance/ousg; administrator not named on current public pages, and the former Google Drive report folder is now sign-in-gated, so the record points at Ondo's legal-documentation portal).
Can OUSG 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 OUSG, when applicable, appear in the dossier below.
