Profile
USDO profile facts
OpenEden OpenDollar (USDO) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
- Collateral
- USDO is backed by OpenEden reserve assets including tokenized U.S. Treasury bill exposure through TBILL, BlackRock BUIDL, VBILL, and a liquidity buffer of RLUSD and USDC.
- Peg mechanism
- Rebasing stablecoin fixed at $1; supply rebases daily to distribute yield; mint/redemption at 1:1 with USDC via OpenEden platform
- Jurisdiction
- Bermuda / BMA / DABA License
- Proof of reserves
- Real-Time PoR by OpenEden issuer reserve API and transparency dashboard, plus the Chainlink usdo-por Proof of Reserve feed on Base (porSource Wallet Address Manager, cross-chain, 86400s heartbeat, 0.5% deviation threshold; no accounting-firm attestation exists for USDO reserves) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDO quick answers
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What is OpenEden OpenDollar (USDO)?
USDO is OpenEden's rebasing dollar token backed by tokenized U.S. Treasuries (TBILL, BUIDL, VBILL), RLUSD, and USDC, issued under a Bermuda DABA license. The static profile records its US Dollar peg mechanism as: Rebasing stablecoin fixed at $1; supply rebases daily to distribute yield; mint/redemption at 1:1 with USDC via OpenEden platform.
Is USDO safe?
As of Oct 24, 2026, Pharos grades USDO D (47/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. 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 USDO?
Pharos records USDO's reserves as of Oct 7, 2026 as 79% OpenEden TBILL tokens (tokenized U.S. T-bills), 9.6% BlackRock BUIDL (tokenized money market fund), 8.6% Ripple USD (RLUSD) cash-equivalent buffer, and 2 smaller holdings. Reserve evidence: Real-Time PoR, latest period ending Oct 7, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can USDO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDO, when applicable, appear in the live dossier on this page.
How do you redeem USDO?
Under the route Pharos reviewed on Aug 14, 2026, customers the issuer has verified can redeem USDO for USDC. Settlement is same-day. The reviewed redemption fee is 0.1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
