PANews reported on June 26 that Open Exchange, a crypto claims and trading platform founded by Zhu Su, the founder of Three Arrows Capital, and others, said on Twitter that the platform is developing the platform credit currency oUSD, which will serve as the margin and profit and loss currency for all futures contracts on OPNX.

The oUSD whitepaper states that oUSD provides traders with credit/loan facilities collateralized by their assets, without being limited by the amount of stablecoins provided by the lender, and without affecting the solvency of the exchange in the process. oUSD is about to launch its first phase, and users will be able to purchase unlimited oUSD from the protocol at a 1:1 price with USDT. oUSD is not guaranteed to be redeemable for 1 USDT at all times; instead, the market mechanism is for participants who believe in their capital size to help provide liquidity and cash out when the USDT redemption quota is available again.

Additionally, OPNX announced that Real World Asset (RWA) rewards for OX stakers have gone live, the first Justice tokens have begun issuance, and the first weekly distribution to OX stakers has taken place.