USDO is here, stablecoins finally have some new ideas! As an old player who has been struggling in the cryptocurrency industry for several years, I have always found the stablecoin track a bit boring - either the old giants USDT and USDC are competing with each other, or various new stablecoins are changing soup but not medicine, relying on depositing money in banks, lending money, and playing black boxes to support profits. But this time@ The USDO of OpenEden_X caught my eye a bit. Why? Because it attempts to break free from the vicious cycle of traditional stablecoins, which are "safe but boring, profitable but risky," and directly brings us a compliant, transparent, and self generating digital dollar. However, don't rush to get up there yet. We still need to calmly examine its advantages and disadvantages. OpenEden Background Introduction Before discussing USDO, let's first take a look at OpenEden Group. This is not a Web3 project set up on the roadside to scam leeks, but rather an institutional player with a reputation on the RWA (Real World Assets) track. Their TBILL, issued by regulated funds, is the world's first tokenized US bond product to receive an "investment grade" rating from Moody's (one of the world's top three credit rating agencies, with a rating above Baa3 considered investment grade). This is indeed not something that ordinary DeFi projects can achieve. The founder's background is also quite hardcore: the CEO is a veteran banker at Goldman Sachs, who has previously led Gemini Asia Pacific (one of the earliest exchanges in the world to obtain a formal regulatory license), making him truly knowledgeable about how traditional finance and Web3 can be combined. In terms of compliance, the publisher OpenEden Digital holds a license issued by the Bermuda Monetary Authority (BMA) and adopts a bankruptcy isolation structure. The assets can be traced throughout the entire chain, making it relatively transparent. However, background does not necessarily mean there is no risk, we still need to see if USDO is reliable. Characteristics of USDO USDO is indeed a bit innovative as it attempts to address some of the pain points of traditional stablecoins, but there are also some potential risks that need to be noted. advantage: Automatically generate money: The traditional stable currency (such as USDT) uses the user's money to buy treasury bond, and pays interest for itself, without giving you anything. And USDO directly returns this profit to users, with an annualized rate of about 4.0%, and there is no pledge or lock up, so money can be generated by lying in the wallet. This is indeed a bit more fragrant than USDT. High transparency: OpenEden's US bonds are fully tokenized, and all asset information can be viewed in real-time on the chain. Unlike some stablecoins that claim to be 100% reserve, when checked, they are all empty. Compatible with DeFi and institutional requirements: You can use it for DeFi lending, trading, and collateralization, currently supporting Ethereum&Base. For institutional users, USDO is also a compliant choice, without the various fund pools and black box operations of traditional stablecoins. Integral system: OpenEden has also launched the OpenEden Bills points system, where you can earn points with USDO and redeem for more rewards. Although the points system may sound like wool pulling, it should also be noted that this mechanism is often the foundation for future ecological token airdrops, and early users may have additional benefits. Why is USDO worth paying attention to? Transparency and Security: Compared to USDT and USDC, USDO does have higher transparency, with assets available on the entire chain, so users don't have to worry about "runaway" or "lightning strikes". Profit mechanism: Directly returning US bond returns to users is indeed an innovative point, especially for users who pursue stable returns, USDO may be a good choice. DeFi and institutional compatibility: Whether it is DeFi players or institutional users, USDO can meet their needs, and this flexibility is relatively rare in the stablecoin market. USDO has indeed brought some new ideas to the stablecoin market, especially in terms of transparency, yield mechanism, and compliance, as it has advantages over traditional stablecoins. However, as a new project, it also has some potential risks, such as market acceptance and fluctuations in returns. If you are interested in stablecoins, USDO is worth paying attention to, but it is important to invest rationally, diversify risks, and not put all your eggs in one basket. After all, there are risks in the cryptocurrency industry, and caution is needed when entering the market!