USDO

USDO is the flagship oAsset on Ouroboros pegged to US dollar and is the first stablecoin with built-in incentives for on-chain spending.

Minting: USDO is issued against dollar stablecoins, with USDT being the initial collateral. When users deposit USDT into the mint contract, an equivalent quantity of USDO will be minted and sent to the user’s address. This process is entirely fee-free, enabling seamless conversion from USDT to USDO.

Redemption: USDO holders may redeem their tokens for an equivalent amount of USDT at any time. Redeemed USDO are burned, contracting the circulating supply and releasing corresponding collateral. A 1% redemption fee, will be applied.

Benefits of Using USDO?

• Secure: with over 100% collateralization: Each USDO is minted at a 1:1 equivalence with USDT (with potential support for additional USD stablecoins in the future), ensuring that USDO’s price remains fully pegged, allowing you to use it with confidence.

• Earn rewards with every transaction: Use USDO for transfers, DeFi participation, or shopping payments. While a 10% transaction tax applies, you’ll instantly receive STARs as cashback vouchers, kickstarting your "spend-to-earn" journey.

• Privileges Across Multiple Scenarios: USDO users can enjoy exclusive services within Ouroboros' partner ecosystem, covering scenarios such as DeFi, e-commerce, launchpads, gaming, and more.