Verify tokens on RainFin's USD-ST is fully backed by collateral - onchain on the XCAP Network
* The OUSG value is priced at 4 decimals, however Etherscan rounds the balances to only 2 decimals - resulting in a minor over/under reporting of the real-time value of OUSG.
RainFin’s USD Savings Token (USD-ST ) earns yield that is fully backed by BlackRock USD Institutional Digital Liquidity Fund (BUIDL) through OUSG. USD-ST is an investment vehicle designed to offer exposure to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) through buying OUSG that provides liquid exposure to short-term US Treasuries.
BUIDL tokens can be instantly redeemed for USDC, up to ±$30M daily, through smart contract swaps. USD-ST inherits this real-time redemption through it's OUSG reserves. These reserves can be swapped from $10k units for USDC, or in larger values for BUIDL tokens. Here are two examples of these smart contract transactions:
Ondo’s OUSG provides liquid exposure to short-term US Treasuries with 24/7 stablecoin mints and redemptions. The majority of this portfolio is currently in the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).
BlackRock USD Institutional Digital Liquidity Fund (BUIDL)is the first tokenized fund issued on a public blockchain by the world's largest asset manager. The Fund invests 100% of its total assets in cash, US Treasury bills, and repurchase agreements, allowing investors to earn yield while holding the token on the blockchain.
