Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides.
The stablecoin dai (DAI) broke a market capitalization of $1 billion on Wednesday, a major milestone for the DeFi pioneer.
In the latest CoinDesk 20 revision, five assets were replaced by crypto assets that saw recent quarterly volume surges.
Popular decentralized finance protocol Pickle Finance was hacked on Saturday, draining $19.7 million in DAI.
USDC and DAI seem to have found their niche as the preferred stablecoins in decentralized trades.
MakerDAO's ingestion of centralized stablecoins may help maintain a $1 peg. But it could also invite more regulatory scrutiny.