OpenEden's USDO Listed on DeFiLlama Stablecoin Dashboard

# USDO Stablecoin Listed on DefiLlama's Stable Dashboard OpenEden's stablecoin, USDO, was listed on DefiLlama's stable dashboard on March 12. USDO is issued with tokenized U.S. Treasury securities as collateral, distinguishing itself by offering on-chain real asset-based returns in a regulated environment. The listing signifies USDO's growing importance within the decentralized finance (DeFi) sector. DefiLlama is a DeFi data aggregator platform that provides real-time information on the most popular DeFi projects and their respective yields. ## USDO: A Stablecoin Backed by Real Assets USDO, backed by OpenEden's U.S. Treasury-based real-world asset (RWA) token, TBILL, is issued when users deposit USDC on the OpenEden platform, with an equivalent value of USDO being minted. Users can also exchange USDO back to USDC as needed. The core strengths of USDO lie in its ability to address the structural vulnerabilities of existing algorithmic stablecoins while offering stable returns from U.S. Treasury securities. DefiLlama evaluated USDO, stating, “USDO is collateralized by U.S. Treasury securities and money market funds, offering transparent on-chain yields.” This listing positions USDO for wider utilization within the DeFi ecosystem. ## Expansion of On-Chain RWA Market Enhances OpenEden's Role OpenEden, recognized as the first tokenized U.S. Treasury project to receive an investment-grade rating from Moody's, provides reliable on-chain asset management solutions for institutional investors. The listing of USDO on DefiLlama aligns with OpenEden's strategy to expand the RWA-based DeFi market. OpenEden commented, “USDO is an innovative stablecoin that combines the stability of traditional finance with the transparency of on-chain operations. We aim to collaborate with more platforms to expand financial products that offer on-chain yields.” ▶