Yield Bearing Stablecoin USDY by Ondo
USDYOndo
Chains:
TVL
$1.88B
+42.88%
Price
$1.13
0.00%
APY30d
3.55%
+0.00%
-0.15%
YPO30d
$3.77M
Key Facts
Protocol
Ondo
Token
USDY
Asset Class
Treasuries Backed, RWA Backed
Market Data
Market Cap
$1.88B
7-Day YPO
$882.14K
30-Day YPO
$3.77M
90-Day YPO
$9.78M
All-Time YPO
$48.85M
Live Yield Paid Out
00:00:00
$.
About
USDY (U.S. Dollar Yield Token) is a yield-bearing stablecoin issued by Ondo Finance, designed to maintain a peg while providing income to holders. It is backed by a portfolio of short-term U.S. Treasury Bills and bank demand deposits, aiming to deliver the majority of the yield from these low-risk assets. USDY is marketed as an institutional-grade product with blockchain transparency, but its reliance on centralized custody and regulatory compliance introduces specific risks.