USDY
Yield StablecoinUS Dollar Yieldcoin
Spot Price (USD)
Source unavailable
Price (last 7 days)
Overview
USDY is Ondo Finance's tokenized yield-bearing instrument backed by short-term US Treasuries and bank demand deposits. Unlike traditional stablecoins, USDY accrues yield daily and is designed for non-US persons. The token uses a rebase mechanism so balances automatically reflect accrued interest. Not available to US persons.
Highlights
- Backed by short-duration US Treasuries and bank demand deposits
- Yield accrues daily and is reflected in the token price
- Issued by Ondo USDY LLC, a bankruptcy-remote special-purpose vehicle
- Restricted from US persons under Regulation S
What is a stablecoin?
A stablecoin is a token designed to track the value of a reference currency such as the US dollar or the euro. Issuers hold reserves (cash, short-term government debt, or other safe instruments) so that each token can be redeemed 1:1, giving holders price stability with the speed and global reach of blockchain settlement.
Details
Asset Attributes
SymbolUSDY
NameUS Dollar Yieldcoin
ClassYield Stablecoin
PegUSD
IssuerOndo Finance
Yield bearingYes
Price sourceUnavailable
Contract
Current price
Quoted in USD