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% | +1.04% | +10.82% | +8.61% | 39m | ||
| 0.00% | +0.63% | +4.44% | +3.48% | 30.16m |