OpenEden yield-bearing stablecoin USDO integrates with FalconX, supporting institutional collateralization and liquidity financing

Odaily reported that digital asset prime broker FalconX has announced support for the yield-bearing stablecoin OpenDollar (USDO), issued by OpenEden, on its platform. USDO is fully backed by tokenized short-term US Treasury assets and regulated by the Bermuda Monetary Authority. Approved institutional clients can allocate idle cash or stablecoins to USDO on the platform to earn US Treasury yields. Additionally, USDO can be used as eligible collateral for certain credit and derivatives transactions, and clients can obtain USDC liquidity through FalconX's lending services, thereby enhancing capital efficiency while maintaining trading and financing capabilities.