OpenEden OpenDollar (USDO)

🏦 Defiance and Galaxy move forward with USDo

The firms Defiance and Galaxy successfully settle their OTC transaction using the stablecoin USDo.

📰 Full article:

https://t.co/7xrg60xKLz

The SEC’s 2% haircut rule is a big win for $USDO.

With 1:1 U.S. Treasury backing, institutional custody via BNY Mellon, and full regulatory alignment, @OpenEden’s $USDO is built for institutions.

This is what compliant, institutional-grade stablecoins look like. https://t.co/ZlIcuqIZYZ

This wave feels like a dream collaboration.

Kaia is backed by the two major Asian social apps Line and Kakao;
OpenEden is backed by U.S. Treasury bonds;

It’s essentially a snapshot of the past three to four decades (the U.S. sold massive amounts of Treasuries to Asian regions, and Japan, Taiwan, and South Korea hold large reserves of U.S. bonds), now being replayed on-chain 😂 https://t.co/LfMTqxvKRl https://t.co/xbwMWUkoSv