StablyticsThe Stablecoin Market Map
Directory
Origin Protocol (Origin Dollar) logo

Origin Protocol (Origin Dollar)

Yield-bearing stablecoin OUSD

Visit site

About

Origin Protocol issues OUSD (Origin Dollar), a yield-bearing stablecoin fully backed by other stablecoins (USDC, USDT, DAI) that deploys reserves across DeFi to generate yield distributed automatically to holders via rebasing.

Auto-compounding rebasing yield stablecoin.

Stablecoins

OUSD

Key products

OUSDOETHOGN

Chains

Ethereum
Founded
2017
HQ
San Francisco, USA
Stage
Token
Funding
Raised ~$35M+ (Pantera, Foundation Capital)

Related companies

Aave logo

Aave

Largest DeFi lending protocol

Aave is the largest decentralized money market, where users supply and borrow assets across multiple chains. Stablecoins (USDC, USDT, USDS, DAI) dominate its borrow markets, and Aave also issues its own overcollateralized stablecoin GHO. Aave V3 holds roughly $19B+ TVL as of 2026, making it the deepest source of onchain stablecoin liquidity. Its V4 architecture and Horizon RWA markets extend lending to institutional and tokenized assets.

DeFi: Lending & YieldDecentralized StablecoinsYield-Bearing Dollars
Aegis logo

Aegis

Bitcoin-backed yield-bearing dollar (YUSD)

Aegis issues YUSD, a decentralized, Bitcoin-backed yield-bearing stablecoin pegged 1:1 to the US dollar. BTC collateral is held with institutional custodians (Fireblocks, Copper, CEFFU) and kept off centralized exchanges, while a delta-neutral hedging strategy using BTC-margined perpetuals keeps the peg stable. YUSD earns yield from perpetual funding-rate capture and basis trading, distributed to holders without staking or lockups, with full proof-of-reserves transparency. Aegis also offers a Yield-as-a-Service product for wallets and exchanges.

Yield-Bearing DollarsDecentralized StablecoinsDeFi: Lending & Yield
Avalon Labs logo

Avalon Labs

Bitcoin-backed stablecoin USDa

Avalon Labs is a Bitcoin-focused DeFi protocol that issues USDa, an overcollateralized stablecoin minted against Bitcoin and BTC liquid staking assets, with a fixed borrowing rate. It is a leading BTCFi credit and stablecoin platform.

Decentralized StablecoinsDeFi: Lending & YieldYield-Bearing Dollars
Avant Protocol logo

Avant Protocol

Issuer of avUSD stable-value token on Avalanche

Avant Protocol is an Avalanche-based DeFi platform issuing avUSD, a stable-value token backed by USDC/USDT deposits managed via market-neutral strategies, with savUSD as the staked yield-bearing version. Launched in 2024.

Yield-Bearing DollarsDecentralized StablecoinsDeFi: Lending & Yield
Bracket logo

Bracket

Institutional yield vault infrastructure (bsUSD)

Bracket (Bracket Labs) is institutional-grade vault infrastructure for digital assets, securely scaling on- and off-chain yield. Originating as a DeFi derivatives protocol in 2021-2022, the team was an overall runner-up in the Binance Labs Incubator's Build-the-Block competition in 2023. Bracket offers strategy vaults such as brUSDC (risk-adjusted USDC yields) and brktETH (a composite of liquid staking tokens), and powers stablecoin products including bsUSD for issuers and strategy managers seeking yield.

Yield-Bearing DollarsDecentralized StablecoinsDeFi: Lending & Yield
Cap Labs logo

Cap Labs

Issuer of cUSD and stcUSD verifiable-yield stablecoin

Cap is a stablecoin protocol on MegaETH issuing cUSD and its yield-bearing staked version stcUSD, which earns returns from an operator network of vetted yield strategies with restaking-backed financial guarantees. Integrates with Aave to deploy idle capital.

Yield-Bearing DollarsDecentralized StablecoinsDeFi: Lending & Yield