OpenEden and Axcess Partner to Use USDO in Institutional Credit Facilities
- —Axcess will hold borrowers' first-loss collateral buffers in USDO, earning Treasury-backed yield
- —USDO is issued by OpenEden Digital under a Class F license of the Bermuda Digital Asset Business Act
- —Opt-in borrowers receive United Stables' $U in their trading accounts as collateral with distribution rewards
- —USDO and cUSDO were previously used as collateral with exchanges, prime brokers and custodians
Why it matters: The deal signals institutional credit demand for yield-bearing, Treasury-backed stablecoins as working collateral.
Source: Crypto Economy