Open USD Supply Surges to $722M with Concentration in Large Wallets
Open USD's circulating supply has reached $722.46 million, with significant holdings in a small number of wallets.
- OUSD circulating supply now $722.46M, up from $666M reported in CryptoSlate's snapshot.
- Ten wallets hold most tokens, with $396M in eight Tempo wallets alone.
- Market cap remains steady despite concentration concerns.
The circulating supply of 
Open USD (OUSD) has grown to $722.46 million, according to data from DeFiLlama. This figure represents an increase from the $666 million reported in a recent snapshot by Crystal, which highlighted the concentration of tokens in a small number of wallets.
Crystal's analysis, dated October 5, revealed that eight Tempo wallets held $396 million in OUSD, accounting for a substantial portion of the token's supply. The activity within customer custody accounts remains unclear, adding to the uncertainty surrounding the distribution of tokens.
While CryptoSlate reported on the concentration of tokens in these wallets, the exact figures differ slightly from the current data provided by DeFiLlama. This discrepancy may be due to fluctuations in the token's circulating supply and the movement of funds between wallets.
The broader crypto market remains relatively flat, with a total market cap of $2.98 trillion. 
Bitcoin has seen a slight 24-hour decline of 0.67%, while the Fear & Greed Index stands at 71, indicating a 'Greed' sentiment. Open USD itself is currently priced at $1.001, with a minor 0.09% increase over the past 24 hours.
The concentration of OUSD tokens in a small number of wallets could raise concerns about decentralization and potential market manipulation. However, the stablecoin's market cap has remained stable, suggesting that investor confidence remains intact for now.
At today's peer-to-peer rate, 1 OUSD ≈ ₦1,366.1 (about $1.00), up 0.0% over 24 hours. The naira itself trades about 2.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 7, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Open USD — questions
How much is 1 Open USD worth in naira today?
About ₦1,366.1 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.00. The naira price moves with both OUSD's US-dollar price and the USDT/NGN rate; use our Open USD in naira page for any amount.
Has Open USD's price moved since this brief was published?
OUSD is down 0.10% since this brief first published — trading at $1.00 now versus $1.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.