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Open USD supply hits $666 million as 10 wallets trap most tokens

Crystal’s first-week OUSD study: $666.3 million outstanding at October 5, 2026, 04:00 UTC; $396 million unmoved in eight Tempo wallets and a separate $200 million Coinbase custody allocation. Ten wallets held 74% of supply and Tempo held 71%. September 30–October 5 DEX volume was about $4.1 million, including about $17,000 on Tempo. Fee payments were 73% of Tempo transfers. These figures do not measure all customer payments, beneficial owners or executable trading depth.

Open USD had $666.3 million excellent on Oct. 5, however most of that supply remained in launch and custody wallets, in response to Crystal Intelligence’s pockets examine printed Oct. 6.

The findings show substantial launch inventory, with little proof of wider circulation but.

Open Standard created the token OUSD, which launched Sept. 30 on Base, Ethereum, Solana and Tempo. Bridge describes Open Standard as an impartial firm based by Coinbase, Mastercard, Shopify, Stripe and Visa, with greater than 200 companions.

The launch distribution plans made recurring fee and treasury demand the subsequent adoption check. Crystal’s examine tracks the following pockets allocation and exercise, with balances measured at 04:00 UTC on Oct. 5.

Crystal recognized $396 million in eight Tempo wallets funded straight by Bridge that had not moved these funds by the snapshot. In a separate allocation, it traced $200 million despatched to Coinbase on Oct. 1 throughout the 4 chains and mentioned that cash remained inside Coinbase custody.

Those classifications describe the place tokens sit, with out revealing all of the useful house owners behind custody accounts. The examine leaves off-chain utilization and exercise inside these accounts unknown. Funding a launch pockets additionally doesn’t set up that its stability has been spent on items, providers, or settlement.

Ten wallets held 74% of OUSD supply in Crystal’s snapshot, and Tempo accounted for 71% of the overall. That makes the most important balances essential to any evaluation of subsequent circulation.

Crystal’s first-week OUSD study: $666.3 million outstanding at October 5, 2026, 04:00 UTC; $396 million unmoved in eight Tempo wallets and a separate $200 million Coinbase custody allocation. Ten wallets held 74% of supply and Tempo held 71%. September 30–October 5 DEX volume was about $4.1 million, including about $17,000 on Tempo. Fee payments were 73% of Tempo transfers. These figures do not measure all customer payments, beneficial owners or executable trading depth.
Most OUSD supply remained concentrated in staged wallets, whereas noticed DEX buying and selling totaled about $4.1 million throughout its first week.

Open USD switch counts and buying and selling measure completely different exercise

Crystal recorded about $4.1 million in buying and selling on decentralized exchanges from Sept. 30 by way of Oct. 5. Solana accounted for $3.4 million, Base for $700,000, and Tempo for roughly $17,000, regardless of internet hosting most of the supply.

Trading turnover can also be a special measure from the liquidity out there to execute a commerce or the worth of buyer funds.

Bridge says it’s going to cost no minting or redemption charges and impose no liquidity restrictions delaying these transactions. Qualifying companies becoming a member of Open Standard also can earn rewards on OUSD balances held at Bridge.

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Tempo’s switch depend wants an extra adjustment as a result of OUSD price funds are recorded as transfers. Of 11,544 OUSD transfers, Crystal labeled 8,377 (73%) as network-fee funds price simply $3.33 in complete.

These price transfers assist clarify why a busy transaction depend can coexist with little measured buying and selling.

These first-week measurements additionally can not set up that the launch has failed. Crystal’s subsequent indicators to look at embrace mints past founder or associate placements, transfers out of staged wallets, redemptions and Tempo alternate exercise.

Sustained wider circulation would add proof that the launch allocations alone can not present.

The submit Open USD supply hits $666 million as 10 wallets trap most tokens appeared first on CryptoSlate.

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