USDGO vs Open USD โ side-by-side comparison of supply, chains, backing, and peg data.
OUSD held the tighter band: worst deviation 3 bps against 5 bps.
| Metric | USDGO | OUSD |
|---|---|---|
| USD circulation value | $1.31B | $698.8M |
| Rank (by USD value) | #16 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | USD reserves | โ |
| Chains deployed | 3 | 4 |
| Primary chain | Solana | Tempo |
| Issuer | Anchorage Digital Bank | โ |
| CoinGecko | View โ | View โ |
Both track USD, so they compete for the same use cases. USDGO holds usd reserves. We track no published reserve breakdown for OUSD. USDGO ranks #16 by USD value and OUSD ranks #17.
USDGO is larger, with $1.31B in circulation vs $698.8M for OUSD. That's roughly 1.9ร the size.
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight โ none of which this page audits. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Yes. USDGO and OUSD both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
The right choice depends on your use case. Consider: which chain do you need? USDGO is available on 3 chains and OUSD on 4. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.