Is Ondo U.S. Dollar Token a scam?
Asked about Ondo U.S. Dollar Token (USDON), market cap rank #378.
Short answer
Ondo U.S. Dollar Token (USDON) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Positive signals
- USDON/USDon has been included in security review coverage for Ondo Global Markets and is explicitly described in the Cyfrin audit as a stablecoin backed by cash held at a brokerage, with an associated USDonManager facilitating swaps.
- Ondo documentation lists smart contract audit reports and provides contract addresses for USDon and the USDonManager/PSM components, enabling verification of on-chain endpoints.
Security audits
3 audits on record.
- Cyfrin (2025-07-14) — issues_resolved
- Cantina — unknown
- Cantina (2026-01-30) — unknown
Team transparency
The Ondo U.S. Dollar Token team is anonymous — public identities are not on record.
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