USDO vaults
About USDO vaults
OpenEden Dollar USDO is used in 3 stablecoin vaults with $12.2M TVL. The largest vault is Compounding Open Dollar.
3 vaults are excluded from this ranking due to minimum TVL requirements or risk issues.
About OpenEden Dollar
USDO (OpenDollar) is a regulated, yield-bearing stablecoin issued by OpenEden Digital and backed 1:1 by tokenised US Treasury Bills. It automatically accrues T-Bill yield in holders' wallets without staking or lockups. USDO is available on Ethereum and Base.
USDO (OpenDollar) is issued by OpenEden Digital, a Bermuda Monetary Authority (BMA)-licensed digital asset issuer. It is the world's first regulated yield-bearing stablecoin pegged 1:1 to the US dollar and fully collateralised by tokenised US Treasury Bills.
Mechanism
- Rebasing token: yield from underlying T-Bills accrues automatically in holders' wallets
- Reserves held via OpenEden's TBILL Vault, managed by BNY Mellon, State Street, VanEck, and BlackRock
- Bankruptcy-remote structure via a Segregated Account Company (SAC)
- Cross-chain interoperability powered by Chainlink CCIP and Proof of Reserve
Status
Launched 20 February 2025. USDO crossed $100 million TVL within two months of launch.
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Performance and risk
The vaults on the listing are limited to the current category. See all vaults.
| 3M price | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Compounding Open Dollar Unknown vault protocol | 3.4%* | 3.2%* | 6.3%* | 18.1 | 0.2% | 0.0% | USDO | $12.03M $288.71M | 1.7 | --- | Unknown | Unknown |  | ||
Compounding Open Dollar Unknown vault protocol | 3.3%* | 3.2%* | 6.1%* | 6.9 | 0.5% | 0.0% | USDO | $29.97K $7.65M | 1.6 | --- | Unknown | Unknown |  | ||
Compounding Open Dollar Unknown vault protocol | 3.3%* | 3.2%* | 5.0%* | 16.5 | 0.2% | 0.0% | USDO | $147.21K $1.11M | 1.4 | --- | Unknown | Unknown |  |
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