How Does OpenEden USDO Work?

USDO: regulated yield-bearing stablecoin pegged 1:1 to USD, fully backed by tokenized US Treasuries (TBILL tokens)

USDO is issued by OpenEden Digital under a Bermuda DABA license. Fully collateralized by TBILL tokens representing US Treasury Bills. Yield from Treasuries accrues to holders automatically. Moody's 'A' rating on TBILL.

cUSDO: wrapped USDO approved as off-exchange collateral on Binance for institutional use

cUSDO is a wrapped version of USDO approved as the first yield-bearing digital asset for off-exchange custody on Binance. Novel bridge between RWA yield and centralized exchange collateral use cases.

TBILL: tokenized US Treasury Bill vault with real-time on-chain proof of reserves

TBILL vault offers direct exposure to short-dated US T-Bills via ERC-4626 vault standard. Each TBILL is backed 1:1 by US T-Bills held in segregated accounts. Audited by Ernst & Young and Hacken/Verichains.

Segregated Accounts Company (SAC) structure isolating USDO reserves from OpenEden Group liabilities

OpenEden Digital operates as a Segregated Accounts Company under Bermuda law. USDO reserves are legally separated from corporate liabilities, providing structural protection in case of corporate insolvency.

Real-time on-chain proof of reserves for TBILL backing USDO

On-chain attestation of reserves provides transparency on USDO's backing. However, proof-of-reserves ultimately relies on the custodian and auditor providing accurate data.

USDO deployed across multiple chains and integrated with DEXs, lending markets, and payment gateways

USDO is live on multiple chains with integrations across DEXs, lending protocols, yield markets, and fiat-crypto payment gateways. Multichain expansion planned for 2026.

USDO's peg depends entirely on the ability to redeem for US Treasuries held off-chain. Custodian failure, regulatory freeze, or operational issues at the SAC level would break redemption and the peg, even though assets exist off-chain.

USDO's permissionless nature means third-party protocols can integrate it without OpenEden's review. Users may interact with malicious or unaudited contracts that drain USDO, damaging the token's reputation even though the core protocol is secure.

USDO's legitimacy derives from its Bermuda DABA license. If major jurisdictions (US, EU) issue adverse regulatory guidance on offshore-regulated stablecoins, USDO could face exchange delistings or integration restrictions.

If US Treasury yields drop significantly (e.g., during rate cuts), USDO's yield advantage over non-yield stablecoins (USDC, USDT) diminishes, reducing demand and potentially causing capital outflows.