Ondo U.S. Dollar Token USDON

What USDON actually is on-chain

Ondo U.S. Dollar Token is an ERC-20 deployed on Ethereum, at contract address 0xAcE8E719899F6E91831B18AE746C9A965c2119F1. That address, not the ticker USDON, is what uniquely identifies this asset: anyone can deploy a second token calling itself USDON, but the contract is unforgeable. Verify it against etherscan.io before sending funds or approving a spend.

Because it lives on Ethereum, USDON is held in any EVM-compatible wallet, transfers are paid for in ETH rather than in USDON itself, and secondary liquidity sits in Uniswap-style AMM pools. Two consequences follow for anyone setting alerts: you need ETH in the same wallet to move the token at all, and a quoted price taken from a pool is a pool price — it includes slippage that an order-book quote would not.

For USDON the project publishes an active account as @ondofinance. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where USDON sits in the market

#410 places Ondo U.S. Dollar Token in the lower mid-cap band. At this end of the mid-cap band listing status is not a fixed property. Exchanges review names like USDON on volume grounds, and a delisting notice repricing the asset faster than any chart pattern is a more realistic tail risk than anything in the indicator set.

We are not currently receiving a live USDON order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted. USDON is a Ethereum asset, so whatever turnover exists is most likely in Uniswap-style AMM pools rather than on a centralised book, and every fill there costs ETH in gas on top of the pool's own fee.

USDON against its all-time high

Ondo U.S. Dollar Token's record high is $1.09, set on 2026-07-13. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. The print is recent enough — within the last six months — that it still describes the market USDON trades in today. We are not quoting a drawdown from it because no tracked venue is giving us a live USDON price — a stale or single-pool number would make that percentage look precise when it is not.

USDON across its historical range

The recorded range is comparatively narrow: 1.17x between $0.9351 and $1.09. Either the price history is short, or the asset is designed not to move.

The record low of $0.9351 was printed on 2026-05-23 — within the last six months. We have no live quote to measure the current distance from it.

USDON supply structure

There is no fixed maximum supply for USDON. Total supply stands at 62.9 million USDON and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. The supply is small in unit terms, so the per-token price is high and each whole-unit level carries real weight as a psychological threshold.

What kind of asset USDON is

Ondo U.S. Dollar Token is pegged to the US dollar, so the only price question that matters is whether the peg holds; trend and momentum readings on a dollar peg describe noise, not direction. Our dataset does not record which backing model this token uses, which is itself worth resolving before holding it: reserve-backed, collateral-backed and algorithmic pegs fail in very different ways and on very different timescales. Its size is mid-range for the category — large enough to be quoted continuously, small enough that a single large redemption is visible in the price.

CoinGecko files USDON under 5 categories, including Stablecoins, USD Stablecoin, BNB Chain Ecosystem, Ethereum Ecosystem, Real World Assets (RWA). CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Ondo U.S. Dollar Token alert that is worth receiving

Ondo U.S. Dollar Token is the ERC-20 at 0xAcE8…19F1 on Ethereum — high dated 2026-07-13 — rank #410. On this profile the condition that carries signal is a peg-deviation band of roughly ±0.5% of par, with RSI ignored entirely.

Full alert-design method: thresholds, RSI/MACD and volume conditions →