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As of Nov 15, 2026, Ondo U.S. Dollar Token (USDon) has a market cap of $78.89m across 2 chains, most of it on BSC ($42.97m).
Stablecoin information
USDon is a USD-pegged stablecoin issued by Ondo Finance that serves as the settlement currency for tokenized stocks and ETFs on Ondo Global Markets.
Category:fiat-backed
Minting and Redemption
USDon is backed 1:1 by US dollars held in Ondo Global Markets' brokerage accounts. It is minted by converting USDC 1:1 when buying tokenized assets and redeemed 1:1 back to USDC.
Audits:No
Stablecoin usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +0.76% | +15.51% | +32.18% | 42.97m | ||
| 0.00% | -0.87% | +14.86% | +14.77% | 35.92m |
