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First Stablecoin backed by Commercial Banks. Every USDO corresponds to 1 US dollar secured in bank deposit. USDO is the first stablecoin supported by a US-based commercial bank. The value of each is pegged 1:1 to the US dollar, fully backed by the equivalent fiat deposit secured in the bank. USDO bridges the gap between fiat money and cryptocurrencies, enabling secure and fast conversions between these two financial assets.