Live · updated 3 minutes ago
Ondo Short-Term U.S. Government Bond Fund Price chart
Key stats
Performance
How the price moved over each period.
Supply
2.71M OUSG circulate. No maximum supply is set.
- Circulating
- 2.71M
- Total supply
- 2.71M
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.00% of market cap. Thin trading; small orders can move the price.
$317.71M market cap, rank #138. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
0.0% below its all-time high of $116.85.
Largest recent swing: 0.03% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Missing inputs for this asset, counted as a neutral 50: Liquidity
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Ondo Short-Term U.S. Government Bond Fund (OUSG)?
OUSG is a tokenized fund product from Ondo Finance that gives onboarded, eligible investors onchain exposure to short-term U.S. government securities. Ondo describes it as a qualified-access U.S. Treasuries token. The product began in January 2023 holding mainly BlackRock's iShares Short Treasury Bond ETF and has since moved to a broader mix of tokenized and traditional Treasury funds.
How OUSG works
OUSG holds short-term U.S. Treasuries and government-sponsored enterprise securities, mostly through funds from managers such as BlackRock, Franklin Templeton, WisdomTree and Fidelity, plus bank deposits and USDC for liquidity. Eligible investors who have completed onboarding can mint and redeem with USDC or PYUSD:
- Instant minting and redemption is available 24/7 through the Ondo website, with a $5,000 minimum and daily limits.
- Larger requests can be submitted as non-instant orders, with a $100,000 minimum to invest and $50,000 to redeem.
- Net asset value updates at the end of each business day and is posted to an onchain price oracle.
Tokens can move only between onboarded investors, so OUSG is not freely transferable like a typical crypto asset. Because access is gated, anyone interested should read Ondo's current fund documents and eligibility terms on its documentation site, as they define who may subscribe and under what conditions.
OUSG supply and token design
OUSG has no fixed supply. Tokens are created when investors subscribe and burned when they redeem, so the supply reflects fund size. The price follows net asset value instead of a one-to-one dollar peg, rising as the underlying Treasuries accrue interest. Live circulating supply is shown in the market data on this page.
OUSG is deployed on Ethereum, Solana and Polygon. The Ethereum contract is 0x1B19C19393e2d034D8Ff31ff34c81252FcBbee92.
Official information is on ondo.finance.
What to check before using OUSG
- Eligibility: OUSG is for investors who meet Ondo's qualified-access requirements and complete onboarding, so it is not open to everyone.
- Restricted transfers: tokens can be held only by onboarded wallets, which limits secondary trading and use in open DeFi.
- Not a stablecoin: the share price tracks net asset value and can change, and large redemptions above daily instant limits take longer.
- Underlying fund and counterparty risk: returns depend on the funds, custodians and managers that hold the Treasuries.
- Oracle and smart contract risk: onchain prices and mint and redeem logic rely on contracts and a price feed updated once per business day.
Ondo Short-Term U.S. Government Bond Fund project profile
Token contracts
- Ethereum:
0x1b19c1…bbee92 - Solana:
i7u4r16T…MwzxNc - Polygon:
0xba11c5…925811
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Ondo Short-Term U.S. Government Bond Fund market analysis
With a market capitalisation of $317.71 million, Ondo Short-Term U.S. Government Bond Fund (OUSG) is classed as a small-cap asset and ranks #138 of 1,340 cryptocurrencies with a reported market cap on CryptoWave, larger than about 89.7% of them. It accounts for roughly 0.01% of the combined tracked market value. Small-cap assets can move quickly on news or exchange listings, and liquidity can thin out fast in sell-offs.
Over the last 24 hours roughly $0.00 of OUSG changed hands, equal to 0.00% of its market cap, which puts its trading volume ahead of about 2.8% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 0% of tracked assets.
Price action: OUSG moved +0.02% in 24 hours and +0.07% over 7 days. It outperformed Bitcoin by 2.23 percentage points over 24 hours and by 4.20 points over 7 days. Against the median tracked coin (ahead by 2.30 points on the day and ahead by 6.29 points on the week), it has been a relative strength in recent sessions.
To overtake Derive (DRV) just above it, Ondo Short-Term U.S. Government Bond Fund would need to grow its market cap by about 0.7%; it is 1.2% larger than Sei (SEI) just below. Its market cap is 0.02% of Bitcoin's.
Based on market data; not investment advice.
Ondo Short-Term U.S. Government Bond Fund FAQ
What is OUSG?
OUSG is Ondo Finance's tokenized fund that gives eligible investors onchain exposure to short-term U.S. Treasuries and government securities.
Who can buy OUSG?
Only onboarded investors who meet Ondo's qualified-access eligibility requirements can hold and transact in OUSG.
How is OUSG minted and redeemed?
Eligible investors can mint and redeem instantly 24/7 with USDC or PYUSD within daily limits, and larger orders go through non-instant requests.
What does OUSG hold?
Mainly short-term U.S. Treasuries and agency securities held through funds from managers including BlackRock, Franklin Templeton, WisdomTree and Fidelity, plus cash and USDC.
Price history
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