Ondo U.S. Dollar Token
USDON Rank #394Price chart
What is Ondo U.S. Dollar Token?
Cash and securities
Ondo Global Markets connects blockchain instruments with publicly traded securities. USDon serves as the cash component of that system. It is distinct from the individual tokens tracking stocks or funds. An off-chain service executes purchases and sales of the referenced securities. Signed attestations connect those operations with on-chain issuance and redemption. Users complete identity checks before accessing the primary securities service.
Contract operation
A dedicated USDon manager converts supported stablecoins into the settlement asset. USDC is one supported input in the documented architecture. Administrators configure contract permissions and operating parameters. Authorized services coordinate token creation with the system's cash accounting. The securities contracts use reference-price checks to constrain submitted prices. USDon's role is cash settlement rather than exposure to a particular company's stock. Its supply follows that settlement infrastructure rather than a mining schedule. The token does not implement an independent blockchain consensus algorithm.
Where to trade USDON
2 exchanges · top 10
Live spot quotes from connected exchanges
USDON funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.