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About OpenEden OpenDollar
Analysis of 4 Apr 2026OpenEden OpenDollar (USDO) is a regulated yield-bearing stablecoin pegged 1:1 to the USD, fully collateralized by tokenized U.S. Treasury bills and reverse repurchase agreements.
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Issued by OpenEden Digital under a Bermuda Monetary Authority (BMA) DABA license, USDO rebases daily to distribute Treasury yield to holders without staking or lock-ups. The underlying TBILL Vault holds an S&P Global AA+f/S1+ rating and a Moody's A-bf rating, with Bank of New York Mellon serving as custodian and investment manager.
As of April 2026, USDO has approximately $49M market cap across Ethereum, Base, BNB Chain, and Kaia, while OpenEden's total TVL exceeds $560M including its TBILL product. Smart contracts were audited by Hacken and ChainSecurity with no critical issues found.
