Origin, a peer-to-peer commerce company, has revealed the launch of Origin Dollars, or OUSD. The stablecoin uses its reserve for the decentralised finance (DeFi) space and allows users to profit by holding it Origin revealed earlier now that its stablecoin, Origin Dollars or OUSD, is now live. OUSD is a stablecoin that leverages DeFi, allowing balances to grow without holders staking their coins or having an account with the platform. Matthew Liu, Origin’s co-founder, noted that at the moment, only a small audience gets and understands DeFi as the barrier to entry is much higher. The goal of Origin and its OUSD stablecoin is to make DeFi easily accessible to more people around the world. The company revealed that OUSD is currently backed 1:1 by the leading three stablecoins: USDT (Tether), USDC (Circle and Coinbase dollar) and DAI (MakerDAO). To mint OUSD, users can easily deposit any of the three supported stablecoins into the new Origin app, or they can buy the coin from Uniswap. Once a user buys OUSD, their investment will produce passive income in their wallet, with no further action required. “OUSD automatically earns competitive yields from DeFi protocols whereas it’s still sitting in your wallet,” the blog post added. Origin revealed that OUSD has a novel design that ensures users don’t need to stake or lockup their coins to participate in lucrative DeFi strategies. There is also no need to unstake or unlock when users want to transfer their coins to another wallet, ensuring users don’t spend gas fees and can conveniently switch between earning coins and spending them. Origin noted that, “Your earnings compound continuously and are reflected in your ever-growing OUSD balance, whereas still being available for payments, commerce, and peer-to-peer transactions.” The passive nature of earning money with OUSD makes it perfect for both sophisticated DeFi experts and novice users. Anyone can earn returns passively, without the stress and complexities associated with yield farming. as per the blog post, the OUSD stablecoin is a natural extension of Origin’s mission to promote peer-to-peer commerce. Origin believes that the OUSD stablecoin will aid boost the decentralised commerce platform as it leverages DeFi and allows sellers and buyers to transact easily.