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Pharos

OpenEden OpenDollar (USDO) stablecoin analytics

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.

Static Profile

Static stablecoin profile

OpenEden OpenDollar (USDO) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.

AI summary / Updated Aug 8, 2026

OpenEden's USDO is a rebasing dollar that distributes tokenized T-bill yield by growing holder balances daily, backed mostly by OpenEden's own TBILL token with BUIDL, VBILL, and a thin stablecoin buffer beneath it — a trust chain considerably longer than the $1 label implies...

AI summary · drafted by claude-opus-5[1m] · facts as of Aug 8, 2026

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
Contracts
4 deployments tracked across Ethereum, Base, BSC, and Plasma.

Snippet Answer

Is USDO safe?

Pharos does not mark USDO as absolutely safe. Static metadata says OpenEden OpenDollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from 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); 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 usdo-openeden

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 Aug 8, 2026.

USDO quick answers

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?

Pharos does not mark USDO as absolutely safe. Static metadata says OpenEden OpenDollar uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Real-Time PoR from 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); 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 USDO?

Pharos classifies USDO backing as Real-World Asset Backed. Collateral, per the static profile: 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. Reserve evidence: Real-Time PoR from 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).

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 dossier below.