Open Stablecoin Index OPEN

What OPEN actually is on-chain

Open Stablecoin Index is an ERC-20 deployed on Ethereum, at contract address 0x323c03c48660fe31186fa82c289b0766d331ce21. That address, not the ticker OPEN, is what uniquely identifies this asset: anyone can deploy a second token calling itself OPEN, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, OPEN is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in OPEN itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

Another asset tracked on this site also uses the ticker OPEN: OpenLedger (Ethereum, 0xa227…9447). The asset on this page is specifically the Ethereum deployment at 0x323c…ce21. These are unrelated tokens with separate contracts, separate supply and separate price histories — a price alert set on one of them says nothing about the others, and a ticker search is not enough to tell them apart.

For OPEN the project publishes a public source repository and an active account as @openstableindex. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where OPEN sits in the market

Open Stablecoin Index ranks #5083, in the middle of the long tail, where listing status changes more often than price does, far outside the set of assets that carry continuous market-maker coverage. At this end of the table the first question is data integrity rather than valuation: a quote can originate from a single pool or a single venue, reported volume is difficult to verify independently, and the distance between the last print and a genuinely executable price can be wide. Treat any indicator computed on this series as provisional.

CryptoPingAi is currently streaming 5 live OPEN order books (Binance, Gate.io, HTX, Upbit, Bithumb). That is wider coverage than most assets ranked near #5083 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

OPEN against its all-time high

More than 95% separates OPEN from its all-time high of $1.97 (on 2025-07-20) — a 23.6x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for OPEN now is the downside, so read the range section below before this one. That high was set roughly 1 years ago, recently enough that it still anchors how most current holders frame the asset.

OPEN across its historical range

The recorded range is comparatively narrow: 5.19x between $0.3793 and $1.97. Either the price history is short, or the asset is designed not to move.

At -78.0% above its record low of $0.3793 (on 2026-04-07), OPEN sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

OPEN supply and valuation data

At #5083 there is no reliable third-party supply audit for OPEN at all — token counts this far down the table are frequently restated, and we would rather show nothing than show a number that moves without notice. What we do have is a fully diluted valuation of $196 thousand as of 2026-05-12. That is in the bottom quartile of tracked assets, a range where a single liquidity provider can account for most of the quoted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first. The authoritative figure is the one etherscan.io reports for this contract.

What kind of asset OPEN is

Open Stablecoin Index is a DeFi protocol token, which ties it to total value locked and to the interest-rate environment on-chain. These assets carry a beta to the market plus a second exposure that is easy to miss: protocol risk. A contract exploit or an oracle failure repriced instantly and independently of any market move, and that tail is a real component of holding the token.

CoinGecko files OPEN under 3 categories, including Index, Decentralized Finance (DeFi), Ethereum Ecosystem. CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network.

How to set a Open Stablecoin Index alert that is worth receiving

Open Stablecoin Index is the ERC-20 at 0x323c…ce21 on Ethereum — quoted on 5 venues we stream — high dated 2025-07-20 — rank #5083. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →