Is Ondo U.S. Dollar Token (USDON) halal or haram?
Not screened yet
We have not run our Shariah screening on Ondo U.S. Dollar Token yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
The platform for qualified users to buy and sell tokenized stocks, ETFs, and Treasuries onchain.
The basics
- Where it lives
- token on ethereum (also on binance-smart-chain)
- Circulating supply
- 68,127,409 USDON
- Total supply
- 68,327,172 USDON
- Category
- Stablecoins, USD Stablecoin, BNB Chain Ecosystem
Who controls the coins
Read from the token's verified contract on Ethereum (0xace8e719899f6e91831b18ae746c9a965c2119f1) on 2026-09-23: mint lets a 3-of-6 multisig wallet (0x7607…24db) create new tokens, with no cap in the code. It also has pause (held by a 1-of-9 multisig wallet (0x2e55…a2cc) and the contract TimelockController (0x3715…34f1)); what these allow is checked at screening. Its code can be replaced by whoever holds the upgrade power. The same coin is deployed on other chains: on BNB Chain (0x1f8955e640cbd9abc3c3bb408c9e2e1f5f20dfe6), mint lets a 3-of-6 multisig wallet (0x4d25…4728) create new tokens, with no cap in the code. Whether those are the project's own copies or an unrelated bridge's is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.