OpenDollar USDO, OpenEden Digital’s regulated yield-bearing stablecoin, has officially surpassed $100 million in Total Value Locked (TVL) within 2 months of its launch on 20 February 2025. Built on Ethereum and Base, USDO is designed to scale and has exceeded a holder count of 7,000 across both institutional and retail markets.
USDO is fully backed by tokenized U.S. Treasuries and issued under a regulated, bankruptcy-remote structure, delivering real-world US Treasury yield directly to holders. As the world’s first regulated, yield-bearing stablecoin, USDO combines institutional-grade compliance with DeFi-native composability.
This milestone also reflects the accelerating adoption of cUSDO, the composable version of USDO, across DeFi protocols such as Morpho, Euler, Spectra, Upshift, and more recently, Pendle and Napier. The momentum signals a new phase in stablecoin evolution—one that rewards holding, not just transacting.
Stablecoin Moving Forward
As we build on this early momentum, USDO will continue to grow through deeper integrations and new partnerships across the DeFi and tokenized RWA ecosystems. We’re committed to delivering regulated yield, transparent infrastructure, and capital-efficient stablecoins to our rapidly growing community. This is just the beginning.
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
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