Introduction

The OpenEden Open Dollar ("USDO") is a rebasing yield-bearing stablecoin issued by OpenEden Digital ("OED"), a Bermuda Monetary Authority ("BMA") licensed digital asset issuer. OED is a wholly owned subsidiary of OpenEden Group ("OEG"). The value of USDO is fixed at $1, providing stability to its holders while offering a yield on the underlying reserve assets.

USDO rebases daily, which allows holders to earn yield generated from reserves backed by U.S. Treasury bills and reverse repurchase agreements. This unique mechanism ensures that USDO maintains a stable value while distributing yield to token holders.

USDO is available in two token formats, each accruing value differently:

Token	Balances	Price Description
USDO	Rebasing	Rebases daily, price remains at $1
cUSDO	Value Compounding	Constant balance, price increases over time