# Open USD Tops USDC and JPYSC With a $46.8 Million Market-Cap Gain By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/48112 Published: 2026-11-04T00:48:47.000Z Updated: 2026-11-04T00:48:47.000Z Section: Investing > Open USD’s market-cap gain exceeded USDC’s by $8 million. Market-cap growth alone does not measure trading volume. Open USD (OUSD) market capitalization increased $46.8 million over the past week, compared with $38.8 million for USDC and $30.8 million for JPYSC. OUSD’s gain exceeded USDC’s by $8 million. OUSD is designed to maintain a value relative to the U.S. dollar. For a circulating asset, market capitalization is circulating supply multiplied by end-of-day price. A change in that measure alone does not show how many tokens were traded or whether new OUSD was issued. In an earlier [seven-day snapshot of Tempo stablecoins](), OUSD accounted for nearly two-thirds of the network’s $449.82 million market-cap increase. That network-level change measures a different slice of the market from changes in individual stablecoins. ## Links in this article - [seven-day snapshot of Tempo stablecoins](https://www.tokenpost.com/news/investing/26668)