About
USDY (U.S. Dollar Yield Token) is a yield-bearing stablecoin issued by Ondo Finance, designed to maintain a peg while providing income to holders. It is backed by a portfolio of short-term U.S. Treasury Bills and bank demand deposits, aiming to deliver the majority of the yield from these low-risk assets. USDY is marketed as an institutional-grade product with blockchain transparency, but its reliance on centralized custody and regulatory compliance introduces specific risks.
Categories
RWA Backed
Treasuries Backed
Risks
Assets Stored Offchain
Custodian Risk
TVL
$670.99M
+1.40%
Price
$1.10
-0.90%
APY (30d)
3.73%
+0.11%
+0.04%
YPO (30d)
$2.00M
Performance History
TVL/YPO History
USDY-Ondo
Historical Data
APY/Benchmarks History
USDY