Ondo U.S. Dollar Token (USDon) stablecoin analytics
USDon is Ondo Global Markets' USD settlement token, backed by cash held by Ondo at a brokerage.
Static Profile
Static stablecoin profile
Ondo U.S. Dollar Token (USDon) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Jun 12, 2026
USDon is the cash leg inside Ondo Global Markets, not a retail dollar trying to win every DEX pair on the internet. It is backed by U.S. dollar cash or cash equivalents in brokerage accounts and used to settle purchases and redemptions for tokenized assets under Ondo's...
AI summary · drafted by gpt-5-codex · reviewed by Codex data review on Jun 12, 2026 · facts as of Jun 12, 2026
- Collateral
- U.S. dollar cash held by Ondo at a brokerage for USDon settlement
- Peg Mechanism
- USDon is used as the native settlement stablecoin for Ondo Global Markets; USDC can be swapped 1:1 into USDon for purchases, and tokenized-asset redemptions can settle to USDon or to USDC when swapper liquidity is available
- Jurisdiction
- British Virgin Islands / Ondo Global Markets SPV; Regulation S restrictions
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Snippet Answer
Is USDon safe?
Pharos does not mark USDon as absolutely safe. Static metadata says Ondo U.S. Dollar Token uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdon-ondo
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Jun 12, 2026.
USDon quick answers
What is Ondo U.S. Dollar Token (USDon)?
USDon is Ondo Global Markets' USD settlement token, backed by cash held by Ondo at a brokerage. The static profile records its US Dollar peg mechanism as: USDon is used as the native settlement stablecoin for Ondo Global Markets; USDC can be swapped 1:1 into USDon for purchases, and tokenized-asset redemptions can settle to USDon or to USDC when swapper liquidity is available
Is USDon safe?
Pharos does not mark USDon as absolutely safe. Static metadata says Ondo U.S. Dollar Token uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDon?
Pharos classifies USDon backing as Real-World Asset Backed. Collateral, per the static profile: U.S. dollar cash held by Ondo at a brokerage for USDon settlement Reserve evidence: live reserve feed configured.
Can USDon 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 USDon, when applicable, appear in the dossier below.