OUSD surpasses $470 million in circulating supply within two hours of launch, with over 90% on the Tempo chain. On October 1, the total supply of OUSD, the Open Standard USD stablecoin, reached approximately 477.3 million tokens within two hours of launch, backed by $477.3 million in reserve assets, achieving a 100% reserve coverage ratio. The reserve assets consist of approximately $211.2 million in U.S. Treasury securities, accounting for 44.25%, and approximately $266.1 million in U.S. dollar cash, accounting for 55.75%. The circulating supply of OUSD on the Tempo network is 434.2 million tokens, with cumulative transfer volume reaching $533.9 million.
OUSD circulation exceeds $470M in 2 hours, with over 90% on the Tempo Chain
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Summary
On-chain data shows that OUSD circulation reached $477.3 million within two hours, with 47.73 million tokens issued. Reserves total $477.3 million, comprising $211.2 million in U.S. Treasury bonds and $266.1 million in cash. Over 90% of the supply is on the Tempo network, with transfer volume hitting $533.9 million. The network upgrade has driven rapid adoption and liquidity growth.
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