diff --git a/contracts/contracts/token/OUSD.sol b/contracts/contracts/token/OUSD.sol
index bd64a35612..a027420e23 100644
--- a/contracts/contracts/token/OUSD.sol
+++ b/contracts/contracts/token/OUSD.sol
@@ -56,10 +56,11 @@ contract OUSD is Initializable, InitializableERC20Detailed, Governable {
     function initialize(
         string calldata _nameArg,
         string calldata _symbolArg,
-        address _vaultAddress
+        address _vaultAddress,
+        uint256 _initialCreditsPerToken
     ) external onlyGovernor initializer {
         InitializableERC20Detailed._initialize(_nameArg, _symbolArg, 18);
-        _rebasingCreditsPerToken = 1e18;
+        _rebasingCreditsPerToken = _initialCreditsPerToken;
         vaultAddress = _vaultAddress;
     }
 
diff --git a/contracts/deploy/001_core.js b/contracts/deploy/001_core.js
index 3b533f1812..8c7fcd6ce8 100644
--- a/contracts/deploy/001_core.js
+++ b/contracts/deploy/001_core.js
@@ -797,10 +797,11 @@ const deployCore = async () => {
   log("Initialized VaultAdmin implementation");
 
   // Initialize OUSD
+  const resolution = ethers.utils.parseUnits("1", 18);
   await withConfirmation(
     cOUSD
       .connect(sGovernor)
-      .initialize("Origin Dollar", "OUSD", cVaultProxy.address)
+      .initialize("Origin Dollar", "OUSD", cVaultProxy.address, resolution)
   );
 
   log("Initialized OUSD");