Origin Dollar is presented as the first stablecoin that generates yield while you still hold it in your wallet. Origin Dollar (OUSD) is an ERC-20 token on the Ethereum network. It functions as a stable currency backed 1:1 by stablecoins including USDT, USDC, and DAI. Because of this backing, 1 OUSD is intended to stay very close to 1 USD.

With the official Origin Dollar DApp, users can swap their current stablecoins (currently USDT, USDC, and DAI) into OUSD. Once OUSD is received, it starts compounding yield right away. The Origin DApp is designed to route transactions intelligently to seek the best available price, factoring in both slippage and gas expenses. In some cases, it may steer users toward purchasing OUSD already circulating instead of minting new OUSD from the vault. The OUSD DApp draws from multiple liquidity sources and recommends the approach that offers the most favorable rate to the user.