Profile
cUSDO profile facts
Compounding OpenDollar (cUSDO) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg USDO-denominated NAV.
Variant relationship
Compounding OpenDollar (cUSDO) is modeled as a savings variant of OpenEden OpenDollar (USDO). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- USDO wrapped into OpenEden's non-rebasing cUSDO format; the wrapper holds USDO, which is backed by tokenized U.S. Treasury Bills (primarily OpenEden TBILL and BlackRock BUIDL tokens) held by OpenEden Digital (OED) at 100% collateralization; cUSDO yield accrues through price appreciation rather than rebasing
- Peg mechanism
- Users can wrap USDO into cUSDO or unwrap cUSDO back into USDO at any time; unlike rebasing USDO, cUSDO compounds by increasing in redeemable USDO per token
- Jurisdiction
- Bermuda / Bermuda Monetary Authority / Digital Asset Business Act (DABA) License
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
cUSDO quick answers
5
What is Compounding OpenDollar (cUSDO)?
cUSDO is OpenEden's non-rebasing wrapper of USDO that compounds T-Bill yield through price appreciation rather than balance changes. The static profile records its USDO-denominated NAV accounting mechanism as: Users can wrap USDO into cUSDO or unwrap cUSDO back into USDO at any time; unlike rebasing USDO, cUSDO compounds by increasing in redeemable USDO per token.
Is cUSDO safe?
As of Oct 24, 2026, Pharos grades cUSDO D (42/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and any holder can use its reviewed redemption route. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs cUSDO?
Pharos records cUSDO's reserves as of Oct 1, 2026 as 100% USDO wrapper shares. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can cUSDO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem cUSDO?
Under the route Pharos reviewed on Apr 21, 2026, any holder can redeem cUSDO for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
