OUSD vs U
Open USD and United Stables, compared on the things that decide whether you get your dollar back. Live data, updated continuously.
30-day peg gap and OUSD/U spread
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Open USD is a dollar-denominated token tracked across 4 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
United Stables is a dollar-denominated token tracked across 4 chains. No verified issuer disclosure is on file, so its collateral and legal structure score conservatively.
Verdict band: Adequate
| Safety scoreComposite of collateral, peg, liquidity, issuer and track record. | ●●●●●5 of 5 | 60 | 72 | U |
|---|---|---|---|---|
| Collateral qualityWhat actually backs the token, and how liquid that backing is. | ●●●●●5 of 5 | 55 | 55 | Tie |
| Exit liquidityWhether you can leave at size without moving the price. | ●●●●●5 of 5 | $36.07M | $35.64B | U |
| Issuer & legal standingRegulatory perimeter, disclosure quality and redemption rights. | ●●●●4 of 5 | 48 | 48 | Tie |
| Peg tightness (live)Absolute distance from $1.00 right now — smaller is better. | ●●●●4 of 5 | −0.130% | −0.068% | U |
| Worst recorded depegHow badly the token has broken before, as a stress precedent. | ●●●●4 of 5 | None recorded | None recorded | Tie |
| Track recordYears live and behaviour through past stress events. | ●●●●4 of 5 | 53 | 53 | Tie |
| Scale / market capBigger float usually means broader venue support and tighter spreads. | ●●●3 of 5 | $802.46M | $1.57B | U |
| Chain reachNumber of networks where the token is natively deployed. | ●●●3 of 5 | 4 chains | 4 chains | Tie |
| Best available yieldUpside — but every extra point above T-bills is paid for with risk. | ●●2 of 5 | 5.96% | 8.00% | U |
"Matters" is our weighting of how much each dimension typically drives a real allocation decision. Sort any column to re-rank the tradeoffs by what matters to you.
The short answer
U scores higher on safety (72 vs 60), driven mainly by collateral quality and disclosure. U has deeper tracked liquidity ($35.64B), which is what determines whether you can exit at size. U currently earns up to 8.00% — remember that any rate above the T-bill yield is payment for a risk.
If both are fiat-reserve tokens, note that holding both is not diversification: they share the same short-dated Treasury and banking exposure. Genuine diversification means mixing collateral structures.
Which one fits your goal: OUSD or U?
Capital preservation over everything else.
For park cash safely, U is the better fit over OUSD.
- Safety score 72 vs 60, with collateral rated 55/100.
- Current peg deviation -0.068% against -0.130% for OUSD.
- No material depeg recorded for U in our incident log.
Concentrating in one issuer is a single point of failure regardless of score. Split across collateral structures.
Key risks, side by side
OUSD
- Issuer and banking risk: reserves sit with Undisclosed under Not documented rules.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Limited public attestation of reserves.
- Yield venue risk: 5.96% is earned outside the token itself.
U
- Collateral volatility: a fast drawdown in backing assets can force liquidations.
- No depeg recorded in our incident log — absence of history is not a guarantee.
- Limited public attestation of reserves.
- Yield venue risk: 8.00% is earned outside the token itself.
| Metric | OUSD | U |
|---|---|---|
| Category | Stablecoin | Stablecoin |
| Issuer | Undisclosed | Undisclosed |
| Jurisdiction | Not documented | Not documented |
| Collateral | fiat-backed | crypto-backed |
| Peg mechanism | fiat-backed | crypto-backed |
| Attestation | none | none |
| Redemption | market-only | market-only |
| Price | $0.9987 | $0.9993 |
| Peg deviation | −0.130% | −0.068% |
| Market cap | $802.46M | $1.57B |
| 7d supply change | +11.34% | +2.25% |
| Liquidity | $36.07M | $35.64B |
| Best yield | 5.96% (origin-dollar · Ethereum) | 8.00% (bitway-earn · BSC) |
| Chains | 4 | 4 |
| Launched | — | — |
| Worst recorded depeg | None recorded | None recorded |
Spread, peg gap and switching cost
- Price spread (OUSD vs U)
- -6.2 bps
- $0.9987 vs $0.9993
- Peg deviation gap
- 0.062 pp
- OUSD −0.130% · U −0.068%
- Yield spread
- -2.04%
- OUSD 5.96% · U 8.00%
- Liquidity ratio
- 0.00×
- $36.07M vs $35.64B
A round trip between OUSD and U costs roughly the market spread plus venue fees. At 6.2 bps of price gap, swapping $1M implies about $621.98 of price impact before fees — usually only worth it if the peg gap or yield spread is durable, not intraday noise.
Chain coverage
OUSD is live on 4 chains, U on 4. 1 chains carry both, so bridging is only unavoidable for the 6 networks where just one of them is deployed.
| Chain | OUSD | U | Both available |
|---|---|---|---|
| — | $1.08B | U only | |
| $124.62M | $405.37M | Yes | |
| $510.65M | — | OUSD only | |
| $90.84M | — | OUSD only | |
| $76.35M | — | OUSD only | |
| — | $54.96M | U only | |
| — | $29.98M | U only |
OUSD vs U: frequently asked questions
Is OUSD or U safer?
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On our composite safety score U rates 72/100 versus 60/100 for OUSD. The score weighs collateral quality (crypto-backed vs fiat-backed), redemption rights, attestation quality, peg history and liquidity depth. A higher score is not a guarantee: both remain issuer-credit and smart-contract exposures, not insured bank deposits.
What is the difference between OUSD and U?
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Open USD is issued by Undisclosed (Not documented), backed by fiat-backed, with redemption terms: market-only. United Stables is issued by Undisclosed (Not documented), backed by crypto-backed, with redemption terms: market-only. Attestation coverage is "none" for OUSD and "none" for U.
Which has the bigger market cap, OUSD or U?
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U is larger at $1.57B in circulating supply, against $802.46M for the other. Over the last 7 days supply moved +11.34% for OUSD and +2.25% for U.
Are OUSD and U trading at $1.00 right now?
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OUSD trades at $0.9987 (−0.130% off peg) and U at $0.9993 (−0.068% off peg). The gap between the two is about 6.2 basis points, which is the cost you pay when rotating size between them before fees.
Has OUSD or U ever depegged?
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OUSD: no material depeg recorded in our incident set. U: no material depeg recorded in our incident set. Past peg behaviour under stress is the single best available proxy for how a token trades in the next crisis.
Which is better for large institutional size, OUSD or U?
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For block size the constraint is exit liquidity and primary redemption, not headline supply. U shows deeper on-chain liquidity at $35.64B versus $36.07M. Combine that with the redemption channel — OUSD: market-only; U: market-only — and size trades against the primary window rather than the order book where possible.
Can I earn yield on OUSD or U?
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U currently shows the higher rate at 8.00% via bitway-earn · BSC, against 5.96% via origin-dollar · Ethereum for OUSD. Neither token pays interest by holding it in a wallet: the yield comes from lending, liquidity provision or a wrapped yield-bearing version, each with its own counterparty and contract risk.
Which chains support both OUSD and U?
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Both are deployed on 1 shared network, including Ethereum. OUSD spans 4 chains in total and U spans 4. Bridged supply on a chain is not the same as natively issued supply, and it usually carries the bridge's risk rather than the issuer's.
What does it cost to switch from OUSD to U?
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Budget three components: the current price spread of roughly 6.2 bps, swap or venue fees, and slippage against available depth ($36.07M for OUSD, $35.64B for U). For meaningful size, redeeming with the issuer and minting the other side is often cheaper than a secondary-market swap.
Is OUSD or U regulated?
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OUSD is issued from Not documented with none; U is issued from Not documented with none. Regulatory status varies by your own jurisdiction and by whether the token is offered under a specific stablecoin regime, so treat this as a starting point for diligence, not legal advice.