Buy Origin Dollar (OUSD)
What is Origin Dollar?
Origin Dollar (OUSD) is a stablecoin that distinguishes itself by earning a yield while held in users' crypto wallets. It maintains a peg to the US dollar through backing by other stablecoins like USDT, USDC, and DAI, and is part of the Origin Protocol ecosystem.
How does Origin Dollar work?
OUSD operates on the Ethereum blockchain, utilizing smart contracts to manage its token supply and yield generation. By investing the backing stablecoins into DeFi protocols such as Aave and Compound, OUSD generates yield, which is then distributed to token holders. This yield is reflected in the rebasing of the OUSD supply, allowing holders to passively earn returns.
What are the potential use cases for Origin Dollar?
Origin Dollar can be used across various sectors such as DeFi, e-commerce, and financial services. It is particularly useful for:
- Yield generation in DeFi without active management.
- Payment systems as a stable currency.
- Integration into applications requiring stable and liquid assets.
What is the history of Origin Dollar?
Origin Dollar was launched in September 2020 by Origin Protocol. It was developed as an innovative stablecoin that generates yield while in wallets. Key milestones include the introduction of its governance token, OGV, and a mechanism for staking. Despite an early security exploit, the project has evolved with transparency and user-focused solutions, maintaining a stable market presence.
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Frequently Asked Questions (FAQs)
What is the current price of Origin Dollar (OUSD)?
The Origin Dollar price is $1.6143 AUD, representing a -0.06% from the day prior.
Where is the best place to buy Origin Dollar (OUSD) in Australia?
The best place to buy Origin Dollar (OUSD) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Origin Dollar (OUSD) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Origin Dollar (OUSD)?
The trading volume of Origin Dollar (OUSD) is $38.6K AUD in the last 24hrs, representing a -0.06% from the day prior.
How can I buy Origin Dollar (OUSD)?
Origin Dollar (OUSD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Origin Dollar (OUSD)?
The current market cap of Origin Dollar (OUSD) is $10.4M AUD.
Can I convert Origin Dollar (OUSD) to cash?
Yes - With Coinstash you can convert your Origin Dollar (OUSD) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Origin Dollar (OUSD) are there?
The current circulating supply of Origin Dollar (OUSD) is 6.5M.
Is Coinstash a safe place to buy Origin Dollar (OUSD) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Origin Dollar (OUSD) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.