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.