What is OpenEden USDO?
OpenEden’s USDO (OpenDollar) is a stablecoin issued by a Bermuda Monetary Authority–licensed entity, fully backed by liquid tokenized U.S. Treasury bills and money market funds. Pegged at $1, USDO distributes yield through a daily rebase mechanism, so balances increase automatically.
The protocol maintains a 100% collateralization ratio, ensuring every token is secured by reserve assets managed by a segregated accounts company under Bermuda regulation. Users access USDO via KYC-compliant minting or on-chain swaps, with cUSDO available as a non-rebasing wrapper for DeFi compatibility.
Transparency is core: the protocol offers on-chain proof-of-reserves and instant redemption options (with neartime TBILL integrations), alongside conventional redemption queues. As one of the largest RWA-backed stablecoins (~ $260 M TVL), USDO combines traditional finance yield with on-chain accessibility in a regulated, verifiable way.
