Wrapped OUSD wallet

What is Wrapped OUSD (WOUSD)?

Two tokens, one position. OUSD, the Origin Dollar, is a rebasing stablecoin: the number of OUSD in a holder's wallet changes on its own as the protocol distributes, so the balance figure moves while each unit stays pegged. wOUSD is the wrapper that turns that off. It follows the ERC-4626 vault-share standard, which means your wOUSD balance is a fixed number of shares, and it is the redemption value of each share against OUSD that changes instead.

That distinction is the whole reason wOUSD exists. Contracts, accounting systems and any integration that assumes a token balance only changes when someone transfers it break on a rebasing asset; a share token behaves normally. It also makes wOUSD simpler to reason about if you dislike watching a balance drift.

Practical points for holding it:

• Wrapping and unwrapping is open-ended - you convert between OUSD and wOUSD when you want to, and the amount of OUSD you get back per share reflects wherever that ratio stands.
• A wOUSD amount and an OUSD amount are not the same number and are not meant to be. Do not read the wOUSD figure as a dollar count.
• It is an Ethereum ERC-20, so transfers and unwrapping cost ETH for gas.

Supported networks in Tangem (1): Ethereum.

There is nothing to maintain on a wOUSD balance - no claim to make, no action that keeps it current, since the share count simply sits there while the ratio behind it moves. Tangem reads the balance from Ethereum whenever you open the app, and the card that signs is otherwise idle in a drawer. For a position that asks nothing of you, that is the right amount of wallet.