OUSD's circulation reached 477 million pieces within 2 hours of its launch, and its reserve assets amounted to 477 million US dollars

On October 1st, the Open Standard stablecoin OUSD was launched with a full chain supply of approximately 477 million coins within 2 hours, with a reserve asset of 477 million US dollars and an asset reserve coverage rate of 100%. Among the reserve assets, US treasury bond bonds accounted for 44.25%, about US $211 million; Cash in US dollars is approximately 266 million US dollars, accounting for 55.75%. The circulation supply of OUSD in Tempo network is 434 million pieces, with a cumulative transfer amount of 534 million US dollars.