OUSD holds $447.2M of $490M supply on Tempo a day after launch
- —OUSD supply reached $490 million on Oct. 1, with $447.2 million sitting on Tempo
- —Tempo's total dollar stablecoin balances that day were $697 million
- —Tempo's 7-day average was 11,338 addresses and 92,228 transactions
- —OUSD mints and redeems 1:1 with the dollar at no fee; reserves held at BlackRock, Lead Bank and BNY
Why it matters: The data shows how quickly corporate stablecoins concentrate in new payment networks, though token balances do not equal actual settlement volume.
Source: TokenPost