Being 100% on-chain, oneTokens provides transparency that other stablecoins do not. This means anyone can see the USDC collateral and the coins paid to mint oneTokens on the Ethereum blockchain. Additionally, the entire transaction history of minting, redeeming, and any treasury actions are visible. If the coins or USDC are used by the coin's community to create DeFi (decentralized finance) positions, anyone interested is able to see these transactions and positions in the corresponding smart contracts.