OpenEden OpenDollar Price

OpenEden Open Dollar (USDO) is a cryptocurrency launched in 2025. It functions as a rebasing, yield-bearing stablecoin fully collateralized by U.S. Treasury bills and reverse repurchase agreements. Issuance is handled by OpenEden Digital, a Bermuda Monetary Authority-licensed digital asset issuer.

USDO bridges short-duration U.S. government debt into the on-chain environment. Instead of forcing holders to seek yield through lending protocols or centralized platforms, it embeds the risk-free rate directly into the token’s supply mechanics. This design removes friction for treasuries, DAOs, and fintech firms that require a dollar-equivalent instrument generating passive income.

The token operates on the Ethereum network. A secondary deployment exists on Base. Both chains utilize EVM execution, which standardizes integration across lending markets and decentralized exchanges.

The token conforms to the ERC-20 standard on both networks. A rebasing module adjusts every holder’s balance proportionally, distributing the daily interest income earned by the reserve portfolio. Because the adjustment is a smart-contract-driven remeasurement of units, no manual claims or staking actions are necessary.

OpenEden Digital brought the protocol to market in January 2025, operating under a full digital asset issuance license from the Bermuda Monetary Authority. The regulator’s framework permits the issuance of digital assets backed by segregated, regulated custody accounts. No individual founders have been publicly disclosed; the entity structure places the compliance framework at the forefront.

The project aims to cement a sovereign-grade collateral standard for on-chain dollars. By holding short-term U.S. government obligations, it creates a stablecoin that mirrors the yield profile of the world’s largest fixed-income market. This diverges sharply from algorithmic or crypto-collateralized stablecoins, positioning the token as a direct bridge between the repo market and blockchain settlement.

Every day, a protocol-controlled contract recalculates the unit value of USDO against the net asset value of the reserve portfolio. The resulting delta propagates across all addresses as a balance multiplier, effectively accruing interest in nominal terms. The token itself does not confer governance rights or staking rewards; its sole systematic function is to serve as a transparent wrapper for accrued T-bill yield.

Corporate treasuries and DeFi protocol DAOs allocate idle USDC or USDT into USDO to capture base yield while maintaining on-chain liquidity. A decentralized lending market can list the token as collateral, allowing borrowers to benefit from a yield-bearing asset that appreciates natively over the loan term. Payments settled in USDO automatically embed the ongoing yield, eliminating the opportunity cost that static stablecoins impose.

OpenEden Open Dollar has a total supply of 35,089,702.41 tokens. Currently, 35,089,702.41 are in circulation. No fixed maximum supply constrains the token, as the rebase algorithm dynamically expands or contracts outstanding units in lockstep with reserve income. With a market capitalization of $34,992,922.00, OpenEden Open Dollar ranks #606 among all cryptocurrencies.