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How to buy Origin Dollar (OUSD)

Learn how to buy Origin Dollar (OUSD) in our step-by-step guide.

Where to buy Origin Dollar

It looks like OUSD may not be available to purchase on an exchange in the US.

You can still purchase OUSD by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase OUSD using a decentralized exchange.
  1. Find OUSD on a decentralized exchange and make sure Origin Dollar can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for OUSD using an exchange like Gemini. You will need to purchase enough ETH to swap for OUSD as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for OUSD on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the OUSD tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best Origin Dollar wallets to store your OUSD

You can keep your OUSD on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your OUSD below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Origin Dollar a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to OUSD, here are a few things to consider:

  • Elastic supply: The token supply of OUSD automatically expands according to the yield that is earned by the protocol. As yield is generated from different DeFi applications, that yield must be converted to more OUSD which is then distributed as rewards to OUSD holders. This means that the circulating supply of OUSD tokens will increase with each yield payment. Likewise, if OUSD is used to withdraw underlying stablecoins, such as USDT or DAI, OUSD will be removed from circulation.
  • Reliance on other stablecoins: While the backing of other stablecoins maintains OUSD’s peg and allows the coin to generate a yield for holders, the success of OUSD ultimately rests on the stability of those stablecoins that compose the reserve. If there are any issues with the stablecoins, or an underlying stablecoin loses its US dollar peg, the value of OUSD may be affected.
  • No Impermanent loss: As the Origin Protocol only provides liquidity to stablecoin liquidity pools, the mechanisms for generating yield for OUSD avoid the risk of impermanent loss. With liquidity pools composed of cryptocurrencies that hold different values, such as ETH:USDT, any significant changes in price can affect the proportion of tokens a user receives when extracting liquidity. Origin Protocol avoids this issue thanks to only dealing with US Dollar pegged stablecoins. Users can, therefore, earn a yield from OUSD without the concern of losing out to impermanent loss.
  • Protocol management: The Origin Protocol is governed by holders of the native governance token, OGN. This means that all manner of upgrades, updates, or changes to Origin Protocol’s system parameters are in the hands of OGN holders - including any changes to OUSD.
  • Risk of hack: Unfortunately, the Origin Protocol was hacked in November 2020, which resulted in $7 million worth of assets being stolen. While the protocol has patched the reentrancy bug that allowed the exploit, future hacking attempts should be considered a potential risk. Furthermore, the protocol lends stablecoin reserves to various other DeFi platforms, which increases the exposure to vulnerabilities.
  • Competitors: There are several exchanges and platforms that provide yield on stablecoins, however, few allow users to earn while stablecoins remain liquid. Although the stablecoin market is saturated, the Origin Protocol has created a stablecoin that offers an innovative yield-generating mechanism that may help to encourage adoption.
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Today's Origin Dollar price versus ATH

Compare today's price of Origin Dollar ($1.00 USD) against its all-time high (ATH) price of $7.46 on May 18, 2021. The closer the bar is to 100%, the closer OUSD is to reaching its ATH again.

Current price: $1.00
All time high: $7.46
13%
86%

Similar assets

Bitcoin

Bitcoin

$28,148.00

+$682.13 (2.48%)

Ethereum

Ethereum

$1,776.19

-$20.30 (-1.13%)

Tether

Tether

$1.01

-$0.0006 (-0.06%)

BNB

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$339.75

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USD Coin

USD Coin

$1.01

+$0.0020 (0.20%)
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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