OpenEden Digital Limited, a digital asset issuer licensed by the Bermuda Monetary Authority, introduced OpenEden OpenDollar (USDO) in January 2025. This stablecoin is fully backed 1:1 and maintains a fixed value of $1. It functions as a rebasing yield-bearing token, meaning it adjusts daily to distribute yield earned from its reserves, which consist of tokenized short-term U.S. Treasury Bills.