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US Dollar Yieldcoin

USDY

Yield Stablecoin
US Dollar Yieldcoin

Spot Price (USD)

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Price

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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

SymbolUSDY
NameUS Dollar Yieldcoin
ClassYield Stablecoin
PegUSD
IssuerOndo Finance
Yield bearingYes
Price sourceUnavailable
Contract