USDO (USD Open Dollar) is a stablecoin backed by multiple collateral types, developed by OpenDAO.

USDO adopts the multi-collateral and overcollateralized approach of DAI, but expands it to include a diverse range of crypto and real-world assets in a permissionless manner.

Although USDO has a straightforward purpose, its ecosystem is extensive and vibrant. Minters have the opportunity to engage in various stages of the minting process, from staking their assets to participating in liquidity farming. New use cases for USDO are consistently being introduced.