Orbit Bridged USDT (Kaia)
OUSDT
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
OUSDT (Orbit Bridged USDT on Kaia) is a defunct, unbacked wrapped stablecoin that experienced a catastrophic exploit between December 31, 2023, and January 1, 2024. As affirmatively documented in the Security analysis: "On January 1, 2024 (attack executed Dec 31, 2023 / Jan 1, 2024 KST), Orbit Bridge's Ethereum vault was drained of approximately $81.5–82 million..." This severe incident permanently impaired the underlying collateral reserves and resulted in an unresolved ~90% depeg, with the asset currently trading near $0.10. Furthermore, canonical native USDT was onboarded to the Kaia network in May 2025, functionally replacing and deprecating OUSDT. Active Development lacked sufficient independent data (-1.0) and was excluded from the weighted score calculation. Given the total failure of peg stability, lack of remediation, collapsed liquidity, and project obsolescence, the asset presents maximum risk.
Development Activity
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Community Support
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Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Orbit Bridged USDT (Kaia) (OUSDT)
Orbit Bridged USDT (Kaia) (OUSDT) is a deprecated wrapped stablecoin on the Kaia blockchain that was functionally replaced by canonical native USDT in May 2025. Originally issued via Orbit Bridge—developed by Ozys for Orbit Chain—the token was designed to serve as a 1:1 bridged representation of Tether (USDT) backed by collateral held in cross-chain vaults, enabling stablecoin utility across the network formerly known as Klaytn.
Between December 31, 2023, and January 1, 2024, Orbit Bridge suffered a major exploit in which approximately $81.5 million to $82 million was drained from its Ethereum vault. The breach occurred via compromised multi-party computation (MPC) and multisig key shares, tied to firewall vulnerabilities introduced prior to the departure of an Ozys security specialist. The incident led to civil and criminal legal actions by Ozys, state-level investigations by South Korea's National Intelligence Service (NIS), National Police Agency, and Korea Internet & Security Agency (KISA), and external attribution analysis linking the attack pattern to the Lazarus Group.
Due to the depletion of the underlying collateral, OUSDT experienced a catastrophic collapse of its collateral model and a permanent depeg of roughly 90% from its $1.00 benchmark, trading near $0.10 to $0.11 with an all-time low of $0.05531. With no remediation plan, reserve recovery, or ongoing project development, trading volume has dropped to negligible levels, leaving the asset functionally unmaintained and defunct.