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
More information about the risks and mechanisms for this asset will soon be added. Follow us on Twitter to stay updated on this and other assets.
TVL
$665.44M
+1.38%
Price
$1.10
+1.57%
APY (30d)
3.94%
-0.20%
-0.12%
YPO (30d)
$2.11M
Performance History
TVL/YPO History
Historical Data
APY/Benchmarks History
