OpenEden OpenDollar PriceUSDO

What is OpenEden OpenDollar (USDO)?

OpenEden OpenDollar (USDO) is a regulated, yield-bearing stablecoin issued by OpenEden Digital Limited, a Bermuda Monetary Authority licensed digital asset issuer. It is described as the world's first regulated, yield-bearing stablecoin fully backed by tokenized U.S. Treasuries. The value of USDO is fixed at $1 and it is fully backed 1:1. USDO rebases daily, which allows holders to earn yield generated from its reserves, comprising tokenized short-term U.S. Treasury Bills. The stablecoin is backed primarily by the TBILL Fund, whose underlying Treasury assets are custodied and managed by BNY. USDO launched in January 2025, with a public launch announcement dated Feb. 21, 2025, and an inception date of April 2, 2025. It operates across Ethereum, Solana, BNB Chain, and Base, using ERC-20, token-2022, and BEP-20 standards respectively. OpenEden, the developer, is a real-world asset tokenization platform focused on regulatory standards and professional-grade infrastructure, with a mission to bring real-world assets on-chain seamlessly and securely.

Key Specifications & Tokenomics

• Name: OpenEden OpenDollar
• Ticker / Symbol: USDO
• Issuer: OpenEden Digital Limited
• Launch Date: January 2025
• Inception Date: 02/04/2025
• Category: Stablecoin, Asset-Backed Stablecoin, Real World Assets Protocol
• Peg: 1:1 to the U.S. dollar
• Yield Mechanism: Daily rebasing from tokenized short-term U.S. Treasury Bills
• Reserves: Tokenized U.S. Treasuries, primarily the TBILL Fund, custodied and managed by BNY
• Blockchains: Ethereum (ERC-20), Solana (token-2022), BNB Chain (BEP-20), Base (ERC-20)
• Regulatory Framework: Bermuda Monetary Authority's Digital Asset Business Act (DABA) 2018
• Domicile: Bermuda
• Management Fees: 0%
• Performance Fees: 0%
• Subscription Fees: 0.03%
• Redemption Fees: 0.10%
• Min. Investment: 100,000 RLUSD
• Eligible Investors: Non-U.S. Institutional Investors, Non-U.S. Investors, Non-U.S. Professional Investors
• Use of Income: Accumulates
• Currency: US Dollar

Who created OpenEden OpenDollar?

OpenEden OpenDollar is a product of the OpenEden Group. The founder and CEO of OpenEden Group is Jeremy Ng, who is described as a former Gemini APAC executive. The core team has a track record from tier-1 financial institutions, including Goldman Sachs and Morgan Stanley. OpenEden focuses on building professional-grade real-world asset tokenization infrastructure and states it is "building the bridge to a new financial system." The project emphasises regulatory compliance and advanced infrastructure, positioning itself within the institutional segment of the digital asset market. The issuer, OpenEden Digital Limited, operates under a Bermuda Monetary Authority licence, reinforcing the project's regulated approach to stablecoin issuance.

How does OpenEden OpenDollar work?

USDO is a rebasing yield-bearing stablecoin pegged 1:1 to the U.S. dollar. Its value is fixed at $1, and it is fully backed by tokenized U.S. Treasuries, primarily the TBILL Fund, whose underlying Treasury assets are custodied and managed by BNY. The yield generated from these reserves, comprising tokenized short-term U.S. Treasury Bills, is distributed to holders through daily rebasing. This means the token balance in a holder's wallet adjusts daily to reflect accrued yield, rather than distributing a separate dividend or interest payment. USDO is issued across multiple networks, including Ethereum as a native ERC-20 token, Solana as a native token-2022 asset, BNB Chain as a native BEP-20 token, and Base as a native ERC-20 token. OpenEden states it is actively expanding network support and invites parties planning to support USDO on their networks to make contact. The regulatory framework governing the issuance is the Bermuda Monetary Authority's Digital Asset Business Act (DABA) 2018.

What makes OpenEden OpenDollar unique and valuable?

USDO positions itself as the world's first regulated, yield-bearing stablecoin fully backed by tokenized U.S. Treasuries. Its key differentiators include daily rebasing that passes Treasury bill yield directly to holders, a 1:1 backing by tokenized U.S. Treasuries, and issuance by a Bermuda Monetary Authority licensed digital asset issuer. The involvement of BNY as custodian and manager of the underlying Treasury assets of the TBILL Fund adds an institutional-grade layer to the reserve structure. Additionally, USDO offers zero management and performance fees, with modest subscription and redemption fees. Its multi-chain presence across Ethereum, Solana, BNB Chain, and Base provides flexibility for holders and integrators. For institutional investors seeking regulated, yield-bearing exposure to U.S. Treasury-backed stablecoins outside the United States, USDO presents a compliance-oriented structure. The FalconX integration announced on March 5, 2026, further expanded institutional access, enabling institutions to earn Treasury-backed yield while using USDO as collateral.

What is OpenEden OpenDollar used for?

USDO is designed for use as a regulated, yield-bearing stablecoin pegged to the U.S. dollar. Its primary use case is to provide holders with yield derived from tokenized short-term U.S. Treasury Bills through daily rebasing, effectively passing Treasury bill yield to stablecoin holders. It can be used as a stable value instrument for institutional and professional investors seeking dollar exposure with yield, and as collateral in institutional settings, as demonstrated by the FalconX integration. USDO is also intended for on-chain deployment across multiple networks, enabling participation in real-world asset and DeFi-related environments where a Treasury-backed stablecoin is required. Eligible investor categories include non-U.S. institutional investors, non-U.S. investors, and non-U.S. professional investors. The token's design allows it to function as a yield-generating alternative to traditional stablecoins while maintaining a 1:1 peg to the U.S. dollar and full backing by tokenized U.S. Treasuries.

How Is the OpenEden OpenDollar ecosystem developing?

The USDO ecosystem is expanding through network support and institutional integrations. USDO is natively issued across Ethereum, Solana, BNB Chain, and Base, and OpenEden states it is actively expanding network support. On March 5, 2026, FalconX integrated USDO, enabling institutions to earn Treasury-backed yield while using the regulated stablecoin as collateral. The ecosystem is supported by a set of service providers that include BitGo as crypto custodian, Coinbase Prime as crypto broker, Harris & Trotter as auditor, and Allocated Bullion Exchange as transfer agent, with OpenEden Digital as the platform. The primary reserve backing is the TBILL Fund, whose underlying Treasury assets are custodied and managed by BNY. OpenEden is the developer of a leading real-world asset tokenization platform, and USDO sits within that broader RWA infrastructure. The project's focus on regulatory standards and institutional-grade infrastructure shapes its ecosystem development, which is oriented toward non-U.S. institutional and professional investors.

How to mine OpenEden OpenDollar?

USDO is not a mined cryptocurrency. It is a stablecoin issued by OpenEden Digital Limited and backed by tokenized U.S. Treasuries. Instead of mining, holders earn yield through daily rebasing, which reflects the yield generated from the tokenized short-term U.S. Treasury Bills held in reserve. There is no proof-of-work or proof-of-stake consensus mechanism associated with the token itself, as it functions as an asset-backed stablecoin rather than a native blockchain currency. Participation in the primary market involves subscription and redemption processes with defined fees and minimum investment thresholds, available to eligible non-U.S. institutional and professional investors. Yield accrual is automatic through the rebasing mechanism, so holders do not need to stake, lock, or perform mining operations to receive the Treasury bill yield generated by the reserves.

How to keep your OpenEden OpenDollar Coin safe?

To keep USDO safe, holders should use wallets and custody solutions that support the networks on which USDO is issued: Ethereum (ERC-20), Solana (token-2022), BNB Chain (BEP-20), and Base (ERC-20). Because USDO is a regulated stablecoin issued by a Bermuda Monetary Authority licensed entity, using reputable, compliance-oriented custody providers is consistent with its institutional positioning. Service providers in the USDO ecosystem include BitGo as crypto custodian and Coinbase Prime as crypto broker, which may be relevant for institutional holders. Holders should verify that any platform or wallet they use supports the specific token standard of USDO on the relevant network to avoid loss of funds. As with any crypto-asset, investing carries significant market risk, including extreme volatility and potential loss of entire capital, and nothing constitutes financial advice. Eligible investors should also be aware of the non-U.S. investor restrictions and the regulatory framework under the Bermuda Monetary Authority's Digital Asset Business Act (DABA) 2018 when assessing custody and compliance arrangements.