Asset Classes
$omUSD
Open Money USD
omUSD: the first digital cash backed by liquid, tokenized U.S. government debt. Unlike other RWA-backed stablecoins, Open Money is a DAO, free from centralized control or key individuals. It’s a truly decentralized, community-driven stablecoin, with 90% of governance tokens set to belong to the community.
Open Money DAO
StablecoinsVisit Product ↗
Learn more about this asset directly from the issuer's website.
$39,642
$1.00
51
▼1.92%from 30d ago
$9.99
2
▲+100.00%from 30d ago
Stablecoins Metrics
Metric
Show % of Total
Key Facts
Name
Open Money USD
Ticker
omUSD
CUSIP
—
ISIN
—
Platform
Tokenization Type
Manager
—
Asset Class
Underlying Assets
—
Eligible Investors
Inception Date
05/29/2024
Use Of Income
Accumulates
Management Fees
0%
Performance Fees
0%
Market Data
Total Value
$39,672
△
NAV
$1.00
△
Price
$0.9992
△
Token Supply
39,672.50
△
Circulating Supply
39,672.50
△
7D APY
—
30D APY
—
Holders
51
▼
Trailing 30D Active Addresses
2
▲
Monthly Transfer Count
3
△
Monthly Transfer Volume
$10
△
Tokens
Primary Market
Eligible Investors
—
Base Assets
OUSG
Subscription Time
—
Min. Investment
—
Subscription Fees
0%
Subscription Description
In order to mint omUSD token, minter should request mint by calling depositUSDC function of a FinanceHub smart contract (0xBD47522daFC402f64519de1FA86007A894fEe898). Minimum deposit is a parameter controlled by DAO, initially set to 1k USDC. If at least one deposit is registered, all deposited tokens should be processed by calling requestSubscription function which can be called by any Ethereum user. This function, once called, forwards accumulated USDC to the OUSG protocol, and await for Ondo preccessing. After receiving approval from Ondo any user can execute claimOmUSD function and mint omUSD and distributes it to original depositors with 1:1 ratio to their USDC deposits.
Redemption Time
—
Minimum Redemption Amount
1,000 OUSG
Redemption Fees
0%
Redemption Description
In order to burn omUSD token, burner should request redemption by calling depositOmUSD function of a FinanceHub smart contract (0xBD47522daFC402f64519de1FA86007A894fEe898). Minimum burn amount is a parameter controlled by DAO, initially set to 1k omUSD. If at least one burning deposit is registered, any Ethereum user can call requestRedemptionDAO function which will send OUSG amount, equal to omUSD aggregated at the moment of redemption request, to OUSG protocol. After processing redemption request by Ondo the redemption process can be finalized by calling distributeUSDC function burn omUSD and receive USDC and distribute it to original burners with 1:1 ratio to their omUSD burns.
KYC Description
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Service Providers
Platform
Manager
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Sub-Advisor
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Custodian
Legal Identifier
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Crypto Custodian
—
Fund Administrator
—
Traditional Broker
—
Crypto Broker
—
Auditor
—
Transfer Agent
—
Paying Agent
—
Legal & Regulatory
Issuer
Open Money DAO
Issuer LEI
—
Issuer CIK
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Domicile
—
Regulatory Framework
—
Dispute Resolution Country
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Account Segregation
Bankruptcy Remote
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Deposit Insurance
—
Terms
Fees
Management Fees
0%
Performance Fees
0%
Other Fees
—
Redemption Fees
0%
Subscription Fees
0%
Holders
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