Ondo U.S. Dollar Token

Ondo U.S. Dollar Token (USDON) is a stablecoin designed to maintain a one-to-one value with the U.S. dollar, placing it in the category of USD-pegged digital assets connected to real-world assets. It is intended for users who want to hold or transfer value in a form that tracks the dollar without the volatility typical of other digital assets. The project situates itself at the intersection of stablecoins and tokenized real-world assets, targeting participants across the Ethereum and BNB Chain ecosystems.

USDON is a token that exists on both the Ethereum and BNB Chain networks, meaning it can be issued, transferred, and held on either blockchain. The data provided does not specify a consensus algorithm or block time particular to the token itself, as it relies on the underlying infrastructure of the chains on which it is deployed. The token's peg to the dollar is maintained through mechanisms associated with the real-world asset backing described by its RWA classification, though the specific collateral or redemption details are not contained in the stored data.

The data stored for USDON does not include a fee stream, revenue figure, or protocol earnings metric, so fee-based measures that this site might calculate for other assets are not applicable here. The token has a circulating supply of approximately 66,932,394 units at point-in-time, with a stablecoin circulating figure of 66,973,794.77 also recorded at point-in-time. The stablecoin supply has changed by negative 25.92 percent over the last 30 days, indicating a contraction in outstanding supply during that period. Without a disclosed fee mechanism in the data, it is not possible to describe who pays fees, who receives them, or what the protocol retains.