<p>USDon is a stablecoin issued by Ondo Finance, backed 1:1 by U.S. dollars held in Global Markets brokerage accounts. USDon is used as an intermediary asset for buying and selling Ondo tokenized stocks: when purchasing tokenized stocks, other stablecoins (e.g., USDC) are atomically swapped to USDon, then to stocks, and vice versa. The token maintains a 1:1 peg to the U.S. dollar and is designed for use within the Ondo ecosystem.</p>

U.S. Dollar Tokenized Currency (Ondo)

USDon is Ondo Finance's 1:1 USD-backed stablecoin used for tokenized stock trading.

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U.S. Dollar Tokenized Currency (Ondo)USDon

U.S. Dollar Tokenized Currency (Ondo) Arbitrage