USDon Ondo U.S. Dollar Token USD
USD-pegged · fiat-backed · #62 by USD value
Peg history unavailable for USDon — we only hold daily price history for coins with a CoinGecko listing in our tracked set.
Supply Over 90 Days
About Ondo U.S. Dollar Token
Ondo U.S. Dollar Token holds onchain treasury against its USDon supply, issued by Ondo Finance. Supply spans 2 chains, with BSC holding 53% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Supply Changes
Frequently Asked Questions
What backs USDon?
USDon is backed by onchain treasury. The issuer is Ondo Finance. Reserve composition is as reported by the issuer; this page does not audit it.
How is USDon different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. USDon shares the USD peg but differs in issuer, reserve composition, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | Ondo U.S. Dollar Token |
| Symbol | USDon |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Onchain treasury |
| Issuer | Ondo Finance |
| Chains Deployed | 2 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |
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