Ondo U.S. Dollar Token (USDon) stablecoin analytics
USDon is Ondo's regulated USD settlement token for tokenized assets on Ondo Global Markets, backed 1:1 by cash held at U.S. broker-dealers.
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 May 15, 2026
USDon is platform settlement cash inside Ondo Global Markets, backed 1:1 by USD in brokerage accounts -- institutional rails with a whitelisted {{term:redemption}}redemption{{/term}} route, not retail. USDon is the dollar settlement token inside Ondo Global Markets, backed 1:1...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- U.S. dollar cash or cash equivalents held in Ondo Global Markets brokerage accounts at regulated U.S. custodial broker-dealers
- 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
- Independent Audit by Ankura Trust Company daily verification Reserve source
- Contracts
- 3 deployments tracked across Ethereum, BSC, and Solana.
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 Independent Audit from Ankura Trust Company daily verification; 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 May 15, 2026.