OpenEden said that DeFiance Capital and Galaxy Digital recently settled a high seven-figure OTC transaction using USDO as the settlement currency. In the company’s telling, the deal marks a shift in how yield-bearing stablecoins are being used inside institutional crypto markets.
The transaction matters because stablecoins such as USDC and USDT have typically handled settlement, while yield-bearing stablecoins have been used more for treasury management between trades. By using USDO directly in an OTC trade, DeFiance and Galaxy presented a structure where trading capital and yield-bearing treasury capital no longer need to sit in separate buckets.
That is the real signal in this announcement. OpenEden is not just presenting USDO as a place to park capital, but as something institutions may be willing to use in the flow of trading itself. If that behavior spreads, the line between settlement liquidity and treasury management could start to blur much faster than many in the market expected.
Source: OpenEden.
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