Origin Dollar is the first stablecoin that earns a yield while it’s still in your wallet. Origin Dollar (OUSD) is an ERC-20 compliant token for the Ethereum network. OUSD is a stable currency that is backed 1:1 by stablecoins like USDT, USDC, and DAI. As a result, 1 OUSD should always be very close to 1 USD in value.

Users can convert their existing stablecoins (currently USDT, USDC, and DAI) to OUSD at the official Origin Dollar DApp. Received OUSD begins accruing compounding yield immediately. The Origin DApp will intelligently route users' transactions to give them the best available price while taking slippage and gas costs into consideration. This means that the DApp will sometimes encourage users to buy OUSD that is already in circulation versus minting fresh OUSD from the vault. The OUSD DApp will choose from multiple sources of liquidity and will suggest the option that gives the user the best possible rate.