$omUSD
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.
Stablecoins
Explore issuer purchase options or request access through RWA.xyz.
$39.64K
$1.00
50
$1.19
1
Open Money USD Metrics
Metric
Show % of Total
Key Facts
Name
Open Money USD
Ticker
omUSD
CUSIP
—
ISIN
—
Platform
Tokenization
Type
Type
Tokenization Sponsorship
—
Type
—
Asset Manager
—
Asset Class
Underlying Assets
—
Eligible Investors
Inception Date
05/29/2024
Use Of Income
Accumulates
Management
Fees
Fees
0%
Performance
Fees
Fees
0%
Market Data
Total Value
$39,672
△
NAV
$1.00
Price
$0.9991
△
Token Supply
39,672.50
△
Circulating Supply
39,672.50
△
7D APY
—
30D APY
—
Holders
50
△
Trailing 30D
Active Addresses
Active Addresses
1
△
Monthly
Transfer Count
Transfer Count
1
△
Monthly
Transfer Volume
Transfer Volume
$1
△
Tokens
Primary Market
Eligible Investors
—
Base Assets
OUSG
Subscription Time
—
Min.
Investment
Investment
—
Subscription
Fees
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
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
—
Service Providers
Platform
Asset Manager
—
Sub-Advisor
—
Custodian
Legal Identifier
—
Crypto Custodian
—
Fund Administrator
—
Traditional Broker
—
Crypto Broker
—
Auditor
—
Transfer Agent
—
Paying Agent
—
Legal & Regulatory
Issuer
Open Money DAO
Issuer LEI
—
Issuer CIK
—
Domicile
—
Regulatory Framework
—
Dispute Resolution Country
—
Account
Segregation
Segregation
Bankruptcy
Remote
Remote
—
Deposit
Insurance
Insurance
—
Terms
Fees
Management
Fees
Fees
0%
Performance
Fees
Fees
0%
Other Fees
—
Redemption
Fees
Fees
0%
Subscription
Fees
Fees
0%
Holders
View detailed token
holder breakdowns
Sign up for a free account to get access to breakdowns of which investor addresses hold an RWA across blockchain networks.
Holders Product Screenshot
RWA.xyzAll Rights Reserved