OpenEden launches yield-bearing stablecoin cUSDO on Solana, fully backed by tokenized US Treasuries
According to an official announcement reported by Odaily, OpenEden has launched the yield stablecoin cUSDO on Solana. cUSDO is a wrapped, composable version of USDO, which is a regulated yield stablecoin issued by OpenEden and fully backed by tokenized US Treasuries. Every cUSDO circulating on Solana is fully collateralized by tokenized US Treasuries, which can be verified on-chain and are held by qualified custodians, including BitGo and a certain exchange Prime. Major users can redeem USDO or cUSDO at face value at any time, and user protection is ensured even in the event of issuer bankruptcy.
cUSDO creates value for holders through its yield-generating design. The yield is reflected in the continuously increasing price of cUSDO and originates from the reserve of tokenized US Treasuries. Its token design allows it to be fully composable and integrated into lending markets, derivatives, structured products, automated strategies, and other DeFi applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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