USDO is supposedly fully backed by tokenised treasuries, enabling it to have real-world yield while being compliant.
Real-world asset (RWA) tokenisation platform OpenEden launched OpenDollar (USDO), a regulated yield-bearing stablecoin that’s pegged on a 1:1 ratio with the U.S. dollar, while being fully collateralised by tokenised U.S. Treasuries.
USDO leverages state-of-the-art tokenisation infrastructure and integrates with its OpenEden TBILL Vault, which is a a smart contract protocol operated by OpenEden’s BVI-regulated professional fund. The integration allows USDO to be fully backed by TBILL tokens as reserves, offering key advantages of native U.S. Treasury yield for token holders and real-time proof of reserves on-chain.
The token is also potentially regulated by the Bermuda Monetary Authority (BMA) and is issued
through a Segregated Account Company (SAC), a bankruptcy-remote vehicle that supposedly ensures maximum protection for token holders.
“USDO represents a fundamental shift in how we view stablecoins,” said Jeremy Ng, Founder
and CEO of OpenEden Group. “We’re taking the utilities of traditional fiat-backed stablecoins
and enhancing them with sustainable real-world yield, on-chain transparency, and regulatory
compliance, creating a product that meets the needs of today’s sophisticated users.”
