OpenEden yield-bearing stablecoin USDO integrates FalconX, supporting institutional collateralization and liquidity financing

USDC-0,01%

Odaily Planet Daily reports that digital asset prime broker FalconX has announced support for OpenEden’s issued yield-bearing stablecoin OpenDollar (USDO) on its platform. USDO is fully backed by tokenized short-term U.S. Treasury assets and regulated by the Bermuda Monetary Authority. Approved institutional clients can allocate idle cash or stablecoins to USDO to earn U.S. Treasury yields, use USDO as qualified collateral for some lending and derivatives trading, and access USDC liquidity through FalconX’s lending services to enhance capital efficiency while maintaining trading and financing capabilities.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments