USDO is a USD pegged stablecoin on ONUS Chain that is backed by collateralized other stablecoins like BUSD.
The collateral comes from:
- Part of the fees from transactions on MiaSwap will be converted to a stablecoin and deposited into the collateral to back USDO. This deposit does not put new USDO in circulation.
- Users deposit collateral at the market rate in order to mint new USDO.
- USDO is backed by collateralized stablecoins that have been selected.
- With a unique mechanism, USDO's price can't go lower than its collateralized stablecoins.
- Everyone can mint and redeem USDO at any time. - USDO holds value down to the last holder even when everyone sells out.
- The value of USDO can increase faster after a massive dump.
