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% | +20.16% | +27.77% | +5.04% | 37.64m | ||
| 0.00% | -4.91% | -11.22% | +4.93% | 31.35m |