OpenEden and Axcess Integrated Stablecoins Into Credit
Institutional lenders and borrowers can now use USDO as collateral to reduce net borrowing costs.
Updated on Sept. 30, 2026 in Corporate Finance
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OpenEden and Axcess have launched a partnership to integrate USDO, a stablecoin backed by tokenized U.S. Treasuries, into institutional credit facilities. The initiative allows borrowers to receive credit in USDC while utilizing yield-generating USDO for collateral.
Why it matters
The integration aims to improve capital efficiency by allowing institutional borrowers to earn yield on collateral buffers rather than leaving them idle. This provides a mechanism for firms to lower their net borrowing costs through stablecoin-based treasury management.
USDO maintains a 1:1 peg to the U.S. dollar and is 100% backed by tokenized U.S. Treasuries. The integration enables the generation of yield on first-loss collateral buffers held by Axcess.
The players
OpenEden
An issuer of stablecoins operating under a Class F license from the Bermuda Digital Asset Business Act.
Axcess
A financial platform that connects institutional lenders with trading firms and market makers.
The details
Axcess facilitates the connection between institutional lenders and market makers, managing the disbursement of credit in USDC. Through this partnership, disbursed funds are converted into USDO, which borrowers hold in trading accounts as collateral. By utilizing USDO, borrowers leverage the underlying yield from tokenized Treasury assets to offset borrowing expenses.
Timeline
September 30, 2026: OpenEden and Axcess announced their partnership.
Market Landscape
This integration follows a trend of using tokenized U.S. Treasuries to bring yield-bearing assets into decentralized financial infrastructure. It operates under the compliance umbrella of the Bermuda Digital Asset Business Act to provide institutional assurance for stablecoin collateral.
Operators currently utilizing institutional credit should evaluate if shifting collateral buffers into yield-bearing stablecoins aligns with their treasury policies. Firms should consult with counsel to confirm if the regulatory classification of USDO satisfies internal risk management and capital requirements.
The takeaway
The move demonstrates a shift toward integrating yield-generating digital assets directly into institutional borrowing structures to optimize cash management. Financial managers should monitor whether similar collateral structures become an industry standard for reducing cost of capital in digital-native trading operations.
Further reading
For more on the development of digital assets in lending, visit the Corporate Finance section.
Source note: This article includes information reported by Crypto Economy.
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