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Morning Edition · Wednesday, October 7, 2026Published at 1:31 AM EDT · New York
Ten wallets hold 74% of the new Open USD stablecoin as Arbitrum joins Paxos's Global Dollar network
Analytics firm Crystal found $396 million of Open USD (OUSD) sitting unmoved in eight Tempo wallets. Arbitrum agreed to back the Global Dollar (USDG) stablecoin in exchange for a share of reserve income.
Open USD (OUSD), the stablecoin that launched on September 30 on Base, Ethereum, Solana and Tempo, had $666.3 million in supply in Crystal's October 5 snapshot. Most of it sits in launch and custody wallets. Ten wallets hold 74% of supply.…
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