Leviathan’s “Open Stablecoin Index” ($OPEN) is the launch of an index token that gives exposure to a curated basket of decentralized stablecoin issuer tokens, designed to track leading “open stablecoin networks” in a single asset. According to the project’s materials and listings, $OPEN is an on-chain index token deployed on Reserve’s index infrastructure that aggregates governance tokens from major DeFi protocols issuing or governing decentralized, crypto‑collateralized, or synthetic dollar stablecoins.

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