Geek Culture
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Geek Culture

Can OpenDAO (SOS) make money from Stablecoins? — Market Mad House

The builders of OpenDAO (SOS) bet ordinary people will use stablecoins for more than payments.

To explain, OpenDAO offers a permissionless stabelcoin minting protocol that allows users to mint and trade the USDO or USD Open Dollar (USDO) stablecoin. They describe USDO as an over-collateralized and multicollateral stablecoin backed by assets. In particular, they claim you can use OpenDAO to use any assets to mint USDO.

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.