Open Standard’s dollar stablecoin OUSD reached a total cross-chain supply of about 477.3 million tokens within two hours of launch, according to BlockBeats. Reserve assets were reported at $477.3 million, indicating a 100% reserve coverage ratio at that point.
The reserve mix consisted of roughly $211.2 million in U.S. Treasuries, accounting for 44.25%, and about $266.1 million in U.S. dollar cash, making up the remaining 55.75%.
On the Tempo network, OUSD’s circulating supply stood at 434.2 million tokens. Cumulative transfer volume on that network reached $533.9 million. Based on the figures provided, Tempo accounted for more than 90% of OUSD’s circulating supply shortly after launch.
Open Standard’s dollar stablecoin OUSD reached a total cross-chain supply of about 477.3 million tokens within two hours of launch on Oct. 1, according to BlockBeats. Its reserve assets were reported at $477.3 million, with a reserve coverage ratio of 100%.
The reserves included about $211.2 million in U.S. Treasuries, or 44.25% of the total, and about $266.1 million in U.S. dollar cash, or 55.75%.
On the Tempo network, OUSD’s circulating supply stood at 434.2 million tokens. Cumulative transfer volume there reached $533.9 million, meaning Tempo accounted for more than 90% of the token’s circulation based on the disclosed figures.
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