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.
Historical Data
APY/Benchmarks History
TVL/YPO History
Key Metrics
TVL
$660.13M
-1.64%7d
Price
$1.08APY
7d APY
4.29%30d APY
4.29%YPO
7d$534.63K
30d$2.19M
All Time$25.58M
YBS BackingNo