OpenEden Launches Bills Contest to Honor the Introduction of USDO, Featuring Rewards for DeFi Participation 

A platform specializing in the tokenization of real-world assets, OpenEden has introduced USDO, a new compliant stablecoin that earns returns and is secured by tokenized U.S. Treasury Bills, along with a wrapped variant dubbed Compounding OpenDollar (cUSDO). To commemorate this launch, the Bills contest was unveiled, offering users the chance to earn reward points, known as Bills, by participating in various decentralized finance (DeFi) initiatives on the OpenEden platform.  

According to the information provided by OpenEden, users can earn one Bill for every dollar they contribute through qualifying activities, with select actions offering multipliers to amplify their earnings. Though these Bills don't hold any real monetary value and aren’t convertible into cash, they will have the potential to unlock future rewards within the OpenEden ecosystem based on the volume accumulated. Users can pile up Bills by engaging with OpenEden's DeFi services on Ethereum or Base, whether by holding cUSDO, supplying liquidity, staking in vaults, or trading yields on DeFi platforms that recognize cUSDO. The more users engage, the more Bills they can gather, with multipliers offering even greater returns.  

Additionally, the campaign includes a referral program, where users can earn an extra 5% in Bills across all their earnings if they sign up using a referral code. Participants can also refer friends and earn 5% of all the Bills earned by those they invite. For instance, if three referred friends collectively generate 10 million Bills, the original referrer will receive an additional 500,000 Bills as a bonus. The more friends referred, the higher the potential for rewards.

In addition to these earning avenues, OpenEden plans to introduce special promotions, collaborations, and competitions to enhance the accumulation of Bills. This will include Points Draws, where users can win more Bills through random draws; partnerships with Web3 wallets providing exclusive earning benefits; Conditional Boosts that unlock extra multipliers under specific conditions; and Leaderboard Rewards, allowing users to compete for further incentives.  

The OpenEden Bills Campaign creates a distinctive opportunity to delve into a yield-bearing stablecoin while securing potential rewards from the ecosystem. Whether users opt to hold, stake, or utilize cUSDO within DeFi protocols, they can accumulate Bills and maximize their benefits through various multipliers. Given that this is a limited-time event, OpenEden users are encouraged to get involved early and capitalize on the DeFi prospects available.

What Is USDO?

This stablecoin has recently been launched by OpenEden Digital, which is a subsidiary of OpenEden Group based in Bermuda, under a Bermuda Digital Asset Business Act (DABA) License. In contrast to traditional stablecoins that depend on cash reserves or algorithmic methods, USDO is completely backed by tokenized U.S. Treasury Bills, ensuring its value rests on a secure and stable asset class. This framework permits holders to derive yields directly from U.S. Treasury securities, presenting a sustainable income-generating option compared to other stablecoins that fail to provide tangible returns.  

USDO integrates seamlessly with OpenEden’s TBILL Vault, a smart contract protocol overseen by OpenEden’s British Virgin Islands (BVI)-regulated professional fund, ensuring real-time proof of reserves while providing users 24/7 instant access to tokenized U.S. Treasury Bills. The TBILL tokens, which signify these tokenized Treasuries, have earned the first-ever Investment-Grade rating from Moody’s, further enhancing the security and trustworthiness of USDO.  

By launching USDO, OpenEden seeks to bridge the divide between traditional finance and decentralized finance. This stablecoin features permissionless transferability, on-chain transparency, and real-time verification of reserves, making it a flexible choice for both DeFi applications and institutional players. Its compliance-first strategy ensures alignment with regulatory standards while offering a yield-bearing substitute to conventional stablecoins, establishing it as an appealing option for users looking for security alongside passive income opportunities in the digital asset landscape.