Ondo U.S. Dollar Token

Ondo U.S. Dollar Token (USDON) is a stablecoin designed to maintain a steady value of one U.S. dollar, giving holders a digital representation of dollar-denominated value that can move across blockchain networks. It sits within the category of real-world asset tokens, meaning its backing is tied to traditional financial instruments rather than other cryptocurrencies. The intended audience is anyone who wants dollar stability inside a blockchain environment, particularly across the Ethereum and BNB Chain ecosystems.

USDON operates on both the Ethereum and BNB Chain networks, allowing it to be transferred and used within the smart-contract infrastructure of each. No consensus algorithm is stored for this asset, which is consistent with a token that inherits the settlement and security of the underlying host chains rather than running its own. The token's circulating supply stands at 64,331,142.36 units at the point-in-time measurement, and 99.978269 percent of the supply that could ever exist has already been issued, leaving a dilution overhang of just 0.030741 percent.

The data stored for USDON does not include a 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 for this asset. What the data does show is that circulating stablecoin supply grew by 6.469559 percent over the last 30 days, which reflects changes in the amount of USDON outstanding rather than any economic return to token holders. Whether the issuer charges fees for minting, redemption, or custody is not captured in the stored data.