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Compounding Open Dollar

Compounding Open Dollar

CUSDO
$1.0625Up 1.69 percent($0.02)

Key Stats

Market Cap$10.23MUp 1.69 percent
Volume (24h)$2.45K
Fully Diluted Value$10.23M
Vol/Mkt Cap (24h)0.02%
Total Supply9.62M CUSDO
Max Supply∞
Circulating Supply9.62M CUSDO
Launch Date2024-10-03
Built OnETH
Token StandardERC20
Smart Contract Address0xaD55…e7c0
Decimal Places18

Compounding Open Dollar Information

Websites
openeden.com
Industries
Stablecoin
Parent Asset
USD

Compounding Open Dollar Price Converter

Compounding Open DollarCUSDO
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Compounding Open Dollar Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
cUSDOERC20ETH0xaD55aebc9b8c03FC43cd9f62260391c13c23e7c02024-10-03
cUSDOERC20BASE0x83dB73EF5192de4B6a4c92bD0141Ba1a0Dc87c652025-01-17
cUSDOBEP20BNB0x64748ea3E31d0B7916F0fF91b017B9f404DED8eF2025-02-20

About Compounding Open Dollar

Compounding OpenDollar (CUSDO) is a yield-bearing stablecoin issued by OpenEden Digital, backed by U.S. Treasury bills and reverse repurchase agreements. Operating on the Ethereum blockchain, CUSDO employs a rebasing mechanism to distribute yield to holders, providing a stable and passive income-generating asset within the decentralized finance ecosystem.

Frequently Asked Questions

Compounding OpenDollar (CUSDO) is a rebasing, yield-bearing stablecoin issued by OpenEden Digital (OED), a digital asset issuer licensed by the Bermuda Monetary Authority. CUSDO is backed by high-quality, liquid reserves, primarily consisting of U.S. Treasury bills and reverse repurchase agreements. The token operates on the Ethereum blockchain as an ERC-20 token.

CUSDO serves as a stablecoin that provides holders with exposure to U.S. Treasury yields. It is designed to maintain a stable value while offering yield through a rebasing mechanism, which adjusts the token balance in holders' wallets to reflect accrued interest. This structure allows users to earn yield passively without actively managing their holdings.

  • Rebasing Mechanism: CUSDO employs a rebasing mechanism that adjusts token balances to reflect accrued yield, allowing holders to benefit from interest without additional actions.

  • Asset-Backed Stability: The token is backed by liquid, high-quality assets, primarily U.S. Treasury bills and reverse repurchase agreements, aiming to maintain its peg to the U.S. dollar.

  • Regulatory Compliance: Issued by a Bermuda Monetary Authority-licensed entity, CUSDO adheres to regulatory standards set by the authority.

  • Ethereum Compatibility: As an ERC-20 token, CUSDO is compatible with the Ethereum ecosystem, allowing integration with various DeFi platforms and wallets.

CUSDO was created by OpenEden Digital (OED), a digital asset issuer licensed by the Bermuda Monetary Authority. OpenEden focuses on bridging traditional financial instruments with decentralized finance (DeFi) by tokenizing real-world assets like U.S. Treasury bills.