Ondo
Ondo Finance
An RWA tokenisation platform best known for [[usdy]] and OUSG — tokenised access to US Treasury yield.
Ondo issues USDY (a tokenised, yield-bearing dollar) and OUSG (institutional-only, BlackRock-backed tokenised T-bills). USDY pays daily-accruing yield; the underlying is held by US-regulated custodians.
Related terms
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
- USDYOndo's tokenised, yield-bearing dollar — backed by short-term US Treasuries and bank deposits, available to non-US investors.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.