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Ondo US Dollar Yield Token

Ondo US Dollar Yield Token

USDY
#42
$1.1463Up 0.02 percent($0.00)

Key Stats

Market Cap$2.24BUp 0.02 percent
Volume (24h)$3.94M
Fully Diluted Value$2.24B
Vol/Mkt Cap (24h)0.18%
Total Supply1.95B USDY
Max Supply
Circulating Supply1.95B USDY
Launch Date2023-08-03
Built OnETH
Token StandardERC20
Smart Contract Address0x96f6…985c
Decimal Places18

Ondo US Dollar Yield Token Information

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Stablecoin
Parent Asset

Ondo US Dollar Yield Token Price Converter

Ondo US Dollar Yield TokenUSDY
USD

Latest Ondo US Dollar Yield Token News

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Ondo US Dollar Yield Token Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Ondo US Dollar Yield TokenUSDT logo
USDY-USDT
USDY_USDT
gateio logogateio
A
1.15USDT
0.06%
Ondo US Dollar Yield TokenUSDT logo
USDY-USDT
USDYUSDT
bybit logobybit
A
1.15USDT
-0.01%
Ondo US Dollar Yield TokenUSDT logo
USDY-USDT
usdy_usdt
lbank logolbank
C
1.15USDT
-0.03%

Ondo US Dollar Yield Token Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
USDYERC20ETH0x96f6ef951840721adbf46ac996b59e0235cb985c2023-09-18

About Ondo US Dollar Yield Token

USD Yield (USDY) by Ondo Finance is a unique tokenized note backed by US Treasuries and bank deposits, blending traditional financial security with digital innovation. Not available for sale or distribution in the U.S. or to U.S. persons, and not registered under the U.S. Securities Act of 1933, it functions as a bearer instrument with a variable yield starting at 5% APY. USDY, structured as senior secured debt of Ondo USDY LLC, is accessible without accreditation requirements, allowing daily minting or redeeming directly with Ondo. After a 40-50 day waiting period, these tokens can be transferred on-chain to qualifying non-U.S. investors, combining the stability of traditional assets with the flexibility of digital tokens while adhering to international regulations.

Frequently Asked Questions

Ondo US Dollar Yield (USDY) is a financial instrument offered by Ondo Finance, taking the form of a tokenized note. This note is backed by US Treasuries and bank deposits, combining the security of traditional financial assets with the innovation of digital tokens. It is designed as the senior secured debt of Ondo USDY LLC, a special purpose vehicle established to be separate and bankruptcy-remote from Ondo Finance, aiming to provide enhanced security for its investors.

USDY serves as a bearer instrument that offers a variable yield starting at 5% Annual Percentage Yield (APY), appealing to those looking for a mix of stability and profitability in their investment. It operates similarly to stablecoins in terms of accessibility but stands out due to its secured backing and yield potential. USDY can be minted or redeemed directly with Ondo by both individuals and institutions without the need for accreditation. This process allows for daily engagement, promoting ease of access and participation in the financial instrument. After a waiting period of 40-50 days post-minting, USDY tokens can be transferred on-chain to investors who meet specific eligibility criteria, including non-US persons located outside the United States.