# Introduction

The OpenEden OpenDollar ("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 US 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               |
| ----------------------------- | ------------- | ------------------- |
| [USDO](/usdo/usdo-token.md)   | Rebases Daily | Fixed at $1         |
| [cUSDO](/usdo/cusdo-token.md) | Constant      | Increases over time |

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