Ondo U.S. Dollar Token

Ondo U.S. Dollar Token (USDON) is a stablecoin designed to maintain a value of one U.S. dollar and is categorized under real-world assets, suggesting it is intended to represent or be backed by dollar-denominated instruments. It is aimed at users who want to hold or move dollar-equivalent value on blockchain networks, particularly within the Ethereum and BNB Chain ecosystems, without exposure to the price swings typical of most digital assets. The token addresses the need for a stable unit of account and medium of exchange in decentralized finance contexts.

USDON exists on both the Ethereum and BNB Chain networks and falls within the real-world assets category, indicating that the stability mechanism is linked to holdings of conventional dollar-denominated assets rather than purely algorithmic means. The token's peg deviation is recorded at 0.0 basis points at this point in time, meaning its price is currently indistinguishable from its one-dollar target. No consensus algorithm or block time is recorded for the token itself, as it operates as a token on host blockchains rather than running its own consensus layer.

The data stored for USDON does not include any fee stream, revenue figures, or protocol earnings, so no fee-based measures such as price-to-fees or revenue yield are available on this site. This is not unusual for stablecoins, whose economic model often involves yield generated on underlying reserves rather than on-chain transaction fees charged to token holders. The circulating stablecoin supply stands at 62,933,974.65 at this point in time, and supply has changed by negative 16.17 percent over the last 30 days, which reflects contraction in the amount of USDON outstanding rather than any fee activity.