Ondo US Dollar Yield token backed by short-term US Treasuries.
USDYDeFi token
On this page
Price$1.05
Market Cap$500M
CategoryDeFi token
Last UpdatedFeb 17, 2024
Available on
Ethereum
Yield opportunities
Staking
What is USDY?
USDY is Ondo Finance's yield-bearing stablecoin backed by short-term US Treasuries and bank demand deposits. Unlike traditional stablecoins, USDY generates real yield from Treasury interest, offering crypto users access to risk-free rate returns.
Key Statistics
Metric
Value
. . . .
. . . -
Market Cap
$500M+
Backing
US Treasuries
Base Yield
~5% APY
Primary Chain
Ethereum
How USDY Works
Treasury Backing: USDY is fully backed by short-term US Treasuries held in bankruptcy-remote vehicles.
Yield Accrual: Interest from Treasuries flows to USDY holders as the token appreciates.
Regulatory Compliance: Available to non-US persons through proper KYC/AML compliance.
Yield Opportunities with USDY
Base Treasury Yield: Hold USDY to earn ~5% APY from underlying Treasuries.
DeFi Integration: Use USDY in lending protocols to earn additional yield.
Pendle Strategies: Trade USDY yield on Pendle markets.
Risk Considerations
Regulatory Risk: RWA tokens face evolving regulations.
Counterparty Risk: Relies on Ondo's custodial setup and Treasury management.
Access Restrictions: Not available to US persons.
Frequently Asked Questions
Who can buy USDY?
USDY is available to non-US persons who complete KYC verification.
What yield does USDY earn?
USDY earns approximately 5% APY from underlying Treasury yields.
Is USDY a stablecoin?
USDY is yield-bearing and appreciates over time rather than maintaining exact $1 peg.
Track your USDY positions and discover new opportunities.
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