OpenEden launches its yield stablecoin cUSDO on Solana, fully backed by tokenized US Treasury bonds.

According to an official announcement, OpenEden has launched its yield stablecoin cUSDO on Solana. cUSDO is a wrapped, composable version of USDO, a regulated yield stablecoin issued by OpenEden and fully backed by tokenized US Treasury bonds. Every cUSDO circulating on Solana is fully collateralized by tokenized US Treasury bonds, which are verifiable on-chain and held by qualified custodians including BitGo and Coinbase Prime. Primary users can redeem USDO or cUSDO at face value at any time, protecting users even in the event of the issuer's bankruptcy.

cUSDO creates value for its holders through its yield-generating design. The yield is reflected in the rising price of cUSDO and is derived from tokenized U.S. Treasury reserves. Its token design allows for seamless integration into lending markets, derivatives, structured products, automated strategies, and other DeFi applications.