# OUSG

> OUSG is a financial product by Ondo Finance designed to offer stable yield opportunities. It integrates with the Ondo Finance ecosystem to provide users with se...

- Canonical URL: https://iq.wiki/wiki/ousg
- Categories: Projects & Protocols
- Tags: DeFi, Infrastructure
- Created: 2025-03-17T08:35:19.421Z
- Last updated: 2026-07-09T21:50:46.397Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Ondo USD Governance (OUSG)** is a tokenized U.S. Treasury bill fund founded by [Ondo Finance](https://iq.wiki/wiki/ondo-finance) CEO and founder [Nathan Allman](https://iq.wiki/wiki/nathan-allman). It provides exposure to short-term U.S. government securities through blockchaintechnology, and allows investors to access U.S. Treasury yields using digital tokens. [\[1\]](#cite-id-G1O9kV98dE)

## Overview

OUSG represents a bridge between traditional finance and [decentralized finance (DeFi)](https://iq.wiki/wiki/defi), offering investors a way to gain exposure to U.S. Treasury bills through [blockchain](https://iq.wiki/wiki/blockchain)-based tokens. The fund is managed by [Ondo Finance](https://iq.wiki/wiki/ondo-finance), a company focused on making institutional-grade financial products accessible to a broader audience through [blockchain](https://iq.wiki/wiki/blockchain) technology. [\[1\]](#cite-id-G1O9kV98dE)

The product combines traditional financial instruments with modern [blockchain](https://iq.wiki/wiki/blockchain) infrastructure, allowing investors to deposit [stablecoins](https://iq.wiki/wiki/stablecoin) or USD and receive tokens representing their share in the underlying Treasury bill portfolio. This structure enables easier access to government securities while maintaining the benefits of [blockchain](https://iq.wiki/wiki/blockchain) technology, such as programmability and potential for integration with other [DeFi](https://iq.wiki/wiki/defi) protocols. OUSG is available on [Ethereum](https://iq.wiki/wiki/ethereum) [mainnet](https://iq.wiki/wiki/mainnet), [Polygon](https://iq.wiki/wiki/polygon), and [Solana](https://iq.wiki/wiki/solana).

In June 2025, [Ondo Finance](https://iq.wiki/wiki/ondo-finance) expanded OUSG to the [XRP Ledger](https://iq.wiki/wiki/xrp), making it the fourth supported [blockchain](https://iq.wiki/wiki/blockchain). On the [XRP](https://iq.wiki/wiki/xrp) Ledger, users can mint and redeem OUSG using Ripple's U.S. dollar-backed [stablecoin](https://iq.wiki/wiki/stablecoin), [RLUSD](https://iq.wiki/wiki/rlusd), providing 24/7 access to short-term U.S. Treasuries for the network's institutional user base. This expansion leverages XRPL's capabilities for fast settlement and around-the-clock accessibility. [\[1\]](#cite-id-G1O9kV98dE) [\[4\]](#cite-id-20xOanQ4oc) [\[5\]](#cite-id-EMaZ9Lnjyh)

## Key Features

* **Instant Minting & Redemption**: Users can [mint](https://iq.wiki/wiki/minting) or redeem OUSG 24/7 using [USDC](https://iq.wiki/wiki/usdc) or PYUSD, with tokens sent directly to the originating wallet. Daily limits apply based on platform capacity, with plans to raise these over time.
* **Low Minimums**: Instant transactions require a minimum of $5,000. For standard (non-instant) activity, the minimum investment is $100,000 and the minimum redemption is $50,000.
* **Dual Token Structure**:
  * **OUSG (Accumulating)**: Token value increases over time as yield accrues.
  * **rOUSG (Rebasing)**: Maintains a fixed $1 price, with yield distributed through automatic increases in token quantity held.
* **Daily Yield Updates**: Rebasing for rOUSG occurs automatically with each business day’s OUSG price update. [\[2\]](#cite-id-Xlit5fz6VM)

### OUSG vs rOUSG

* **Yield Mechanism**:
  * **OUSG**: Accumulates yield by increasing in price over time.
  * **rOUSG**: Maintains a stable $1.00 price, with yield distributed through an automatic increase in token quantity (rebasing).
* **Token Behavior Example**:
  * If both OUSG and rOUSG start at $1.00 and the rebasing factor is 1.10:
    * OUSG remains as 1 token now valued at $1.10.
    * rOUSG becomes 1.10 tokens, each still valued at $1.00.
* **Usage Considerations**:
  * rOUSG may offer compatibility challenges with some platforms that do not support rebasing assets.
  * OUSG may be preferred in environments requiring non-rebasing token structures.
* **Conversion**:
  * Users can switch between OUSG and rOUSG through the conversion tool available on the product’s website. [\[3\]](#cite-id-TE1djMH2JY)