Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD)… The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user’s wallet.
Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce. The product was created using the organization’s current workforce of individuals at Origin Protocol who are FinTech and cryptocurrency veterans.
Tether debuted the concept of a stablecoin denominated in U.S. dollars in 2014. Since that time, Origin said in the post that “stablecoins have proven themselves as an ideal way of transferring value without exposing users to the price volatility of free-floating currencies.”