On September 23, the Origin Protocol released its Origin Dollar (OUSD) stablecoin with an accompanying wallet, which provides interest on savings without requiring prior staking or farming.

• The stablecoin does not require staking or addition to a liquidity pool to earn yields
• The smart contracts have not been fully audited; Trail of Bits will conduct an audit next month
• The token is backed by stablecoins like Tether (USDT), USD Coin (USDC) and DAI
• The team says that OUSD and the wallet “automatically earns competitive yields” from various DeFi protocols
• The OUSD protocol also features an elastic supply, similar to Ampleforth (AMPL)
• The team has described the protocol as follows, “OUSD combines the automated farming of Yearn, the elastic supply of Ampleforth, and the ease-of-use of Tether”