Onchain Yield Coin

$129M market cap

Issued by OnRe · reviewed 25 October 2026

Market cap: $129M +0.38% 7d
30-day trend
Volume / market cap: 1.0%
Peg drift, 30 days: 16.00%

Market data as of 25 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

ONyc is a Solana-based, yield-bearing token connected to OnRe's Bermuda-regulated reinsurance structure. Its NAV can appreciate through reinsurance underwriting economics and collateral returns, so it is not designed as a fixed-value $1 cash stablecoin despite being USD-denominated.

01

Instrument facts

Symbol	ONYC
Peg	USD
Backing	Rwa backed
Status	Active
Launched	2025
Networks	L1 non EVM Solana
Specifications	Redemption Eligible holders can redeem subject to OnRe's redemption windows, holding-period requirements, and available liquidity; current documentation supports settlement through approved stablecoin assets including USDC or USDG.
Use cases	DeFi collateral

02

Contract addresses

1 chain

Chain	Address
Solana	`5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5`

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

Official site

03

Background

Overview

ONyc is a Solana-based, yield-bearing token connected to OnRe's Bermuda-regulated reinsurance structure. Its NAV can appreciate through reinsurance underwriting economics and collateral returns, so it is not designed as a fixed-value $1 cash stablecoin despite being USD-denominated.

Key Features

ONyc provides tokenized exposure to a regulated reinsurance segregated account.
Returns accrue through changes in token NAV rather than rebasing.
Economic returns combine reinsurance underwriting premiums with collateral yield.

Supported Networks

Available on Solana.

04

Frequently asked questions

What is Onchain Yield Coin?

ONyc is a Solana-based, yield-bearing token connected to OnRe's Bermuda-regulated reinsurance structure. Its NAV can appreciate through reinsurance underwriting economics and collateral returns, so it is not designed as a fixed-value $1 cash stablecoin despite being USD-denominated.

Which networks carry ONYC?

ONYC is recorded on 1 network, Solana.

What is the market capitalization of ONYC?

ONYC has a market capitalization of $129M as of 25 October 2026.

05

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. OnRe · Methodology