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Origin Brings Back Interest-Earning OUSD Stablecoin Following $7 Million Hack

Amy Liu

Summary: Origin is relaunching its yield-generating stablecoin OUSD following a November attack that drained OUSD holders of $7 million. Starting now, users can once again exchange USDC, USDT and DAI for OUSD. The attack caused Origin Protocol to lose a total of 2.25 million U.S. dollars in DAI and 1 million U.S. dollars in ETH. “We ...

Origin is relaunching its yield-generating stablecoin OUSD following a November attack that drained OUSD holders of $7 million. Starting now, users can once again exchange USDC, USDT and DAI for OUSD. The attack caused Origin Protocol to lose a total of 2.25 million U.S. dollars in DAI and 1 million U.S. dollars in ETH. “We remain committed to our vision of a superior stablecoin for the Ethereum network. Despite the setback from the hack, we are returning with renewed confidence that we are building something important, that people really want,” Josh Fraser, Origin CEO, said in a statement.

By Amy Liu

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