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
Stablecoins usage by chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | +2.12% | +6.60% | -9.00% | 32.49m | ||
| 0.00% | +0.53% | -9.67% | +3.68% | 30.88m |