USDY is a yield-bearing tokenized note by Ondo Finance, backed by U.S. Treasuries and bank deposits, available on multiple blockchains for eligible non-U.S. investors.
Key Data
| 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 |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2023 |
Supported Networks
Cross-Chain Supply ($2.1B total)
Use Cases
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.
Recent Activity
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.