USDY
Ondo USDY
Ondo's tokenised, yield-bearing dollar — backed by short-term US Treasuries and bank deposits, available to non-US investors.
USDY pays daily-accruing yield (currently mid-4% range) via share-price growth. Issued by Ondo USDY LLC, a bankruptcy-remote entity. Not registered for US persons; structured as a Reg-S security available outside the US.
See on StableLens
/stablecoins/USDY — live data, risk grade, and methodology citation.
Related terms
- OndoAn RWA tokenisation platform best known for [[usdy]] and OUSG — tokenised access to US Treasury yield.
- RWA (real-world assets)Tokenised off-chain assets — Treasuries, money-market funds, credit pools, real estate — used as on-chain collateral or yield products.
- T-bill (US Treasury bill)A short-duration (≤ 1 year) US government debt instrument — the primary reserve asset for major fiat-backed stables.