Apologies to @niallon11 on taking so long to respond.

No worries. I appreciate that you are willing to make a post and discuss these topics. That's a point in the plus column straight away. I'm a big fan of transparency as i'm sure most users are.

OUSD is designed to be fully backed, all the time. To mint OUSD, you must put in an equivalent dollar value of stablecoins (USDC, USDT, or DAI), and then these stablecoins stay in OUSD until it is redeemed.

These are solid assets and being able to check their collateral is a good way to go.

Thanks for the extra information and i'll have to take a proper look into the project now.

Posted Using LeoFinance ^Beta