Ondo US Dollar Yield

Symbol	USDY
Peg	USD
Backing	Rwa backed
Status	Active
Launched	2023
Networks	L1 EVM Ethereum, Sei L1 non EVM Solana, Sui, Aptos, Noble, Stellar L2 Arbitrum, Mantle Network, Plume Network unverified
Specifications	Backing Short-term U.S. Treasuries and bank demand deposits Redemption Direct mint and redemption is available to eligible non-U.S. investors on any business day, with subscriptions via stablecoins and USD wires, and redemptions through wire transfers only. KYC required Yes
Use cases	Yield, Trading
Mint and redeem	USDY is a tokenized note available to qualifying non-US individual and institutional investors. After completing issuer onboarding and applicable KYC and eligibility checks, eligible investors can mint USDY with USDC; USD bank-wire subscriptions are also available for deposits of $100,000 or more. Eligible holders can redeem for USDC through Ondo Global Markets (BVI) Limited or redeem to USD by bank wire to a non-US bank account. Minting and redemption on Sui, Aptos, Stellar, XRP and Noble require contacting Ondo support and have a stated $5,000 minimum. U.S. persons and other prohibited persons cannot subscribe for, acquire or redeem USDY directly. Depending on issuance date, the note is secured by short-term U.S. Treasuries, shares of the iShares Short Treasury Bond ETF or bank demand deposits.
Regulatory status	Jurisdiction United States · License type Offered to non-US persons under Regulation S; “USDY tokens have not been registered under the US Securities Act of 1933, as amended” (Ondo, Important Notes) · Status Exempt

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

USDY is a stablecoin launched by Ondo Finance in August 2023, designed to provide yield-bearing opportunities through its backing by short-term U.S. Treasuries and bank demand deposits. USDY can be minted and redeemed by non-U.S. investors on any business day, with a transferability period of 40-50 days post-issuance. KYC/KYB processes are mandatory for transactions. The stablecoin is secured by high-quality financial instruments, ensuring stability and yield generation.

Figures marked unverified are recorded but not yet independently confirmed.

License and registration entries summarize public records and issuer statements as of the dates shown and are not legal advice; confirm current status with the relevant regulator. Terms.