Nearly the entire $OUSD supply belongs to a few entities.
Almost all on-chain activity has been Bridge moving supply into the large wallets.
The rest is bot and DEX routing in small amounts
If you dig in more, its even more telling:
So Ethereum, Base, Solana and Tempo each have:
- ten wallets of exactly 2M $OUSD
- 40 wallets and 80M in total
Exact same pattern and zero usage.
DEX liquidity for $OUSD is basically nothing.
Uniswap V4 on Base holds 4.97M, the Tempo stablecoin DEX holds 5.57M, and Uniswap V4 on Ethereum holds about 10k.
tap tap. this thing on?
ousd.cool
$OUSD is live.
Build with OUSD via @Coinbase @Mastercard @Stripe and @Visa. Each integration path supports 1:1 USD conversion at no cost.
Read the announcement: joinopenstandard.com/blog/ou….





