OpenEden launches the yield-stablecoin cUSDO on Solana, fully backed by tokenized U.S. Treasuries

According to the official announcement, OpenEden has launched the yield stablecoin cUSDO on Solana. cUSDO is a wrapped and composable version of USDO, which is a regulated yield stablecoin issued by OpenEden, fully backed by tokenized U.S. Treasury bonds.

Every cUSDO circulating on Solana is fully collateralized by tokenized U.S. Treasury bonds, which can be verified on-chain and held by qualified custodians, including BitGo and Coinbase Prime. Major users can redeem USDO or cUSDO at face value at any time, ensuring protection for users even in the event of issuer bankruptcy.

cUSDO creates value for holders through its yield-generating design. The yield is reflected in the continuously rising price of cUSDO and originates from the reserves of tokenized U.S. Treasury bonds. Its token design allows it to be fully composable and integrated into lending markets, derivatives, structured products, automated strategies, and other DeFi applications.