USDY Icon

$USDY

$USDY

Ondo U.S. Dollar Yield

Ondo's USDY (US Dollar Yield) is a tokenized note for non-U.S. individuals and institutions. The token is secured by a portfolio of short-term U.S. Treasuries and bank demand deposits, with the assets held by a collateral agent to safeguard holders. USDY aims to provide global investors with access to U.S. dollar-denominated yield and institutional-grade protections.

U.S. Treasury Funds
Non-U.S. Investor
Explore issuer purchase options or request access through RWA.xyz.

Total Asset Value

$2.26B

+4.68%from 30d ago

Net Asset Value

$1.15

+0.29%from 30d ago

Holders

18,263

+3.30%from 30d ago

7D APY

3.54%

0.00%from 7d ago

Ondo U.S. Dollar Yield Metrics

Market Cap by Network

as of 09/22/2026

Key Facts

Name
Ondo U.S. Dollar Yield
Ticker
USDY
CUSIP
ISIN
Platform
Tokenization
Type
Tokenization Sponsorship
Issuer-Sponsored
Type
Asset Manager
Underlying Asset
Eligible Investors
Inception Date
07/10/2023
Use Of Income
Accumulates
Management
Fees
0%
Performance
Fees
0%

Market Data

Total Value
$2,257,464,050
NAV
$1.15
Price
$1.1404
Token Supply
1,949,627,321.64
Circulating Supply
1,949,627,321.64
7D APY
3.54%
30D APY
3.53%
Holders
18,263
Trailing 30D
Active Addresses
3,061
Monthly
Transfer Count
77,977
Monthly
Transfer Volume
$216,106,880

Tokens

Network
Type
Tokenization
Type
Token Standard
Token Supply
Circulating Supply
Bridged Supply
Holders
Trailing 30D
Active Addresses
Monthly
Transfer Volume
Monthly
Transfer Count
Contract Address
Native
ERC-20
1,036,236,330.06
Native
Stellar Asset Contract (SAC)
467,502,185.64
Native
ERC-20
225,853,256.49
Native
SPL
157,347,948.26
Native
BEP-20
46,024,637.84
Native
ERC-20
11,761,900.36
Native
ERC-20
2,728,685.90
Native
Aptos-FA
1,848,233.60
Native
ICS20
323,728.72
Native
TIP-20
414.77
Native
ERC-20
0.00
Native
ERC-20
0.00
Native
ERC-20
Native
ERC-20

Primary Market

Eligible Investors
Non-U.S. Investor
Base Assets
USDCUSD
Subscription Time
Daily
Min.
Investment
500 USDC
Subscription
Fees
0%
Subscription Description
T+2 to T+3 for wire initiation
Redemption Time
Daily
Minimum Redemption Amount
500 USDC
Redemption
Fees
0%
Redemption Description
T+2 to T+3 for wire initiation
KYC Description

Service Providers

Platform
Asset Manager
Sub-Advisor

Custodian

Legal Identifier

Morgan Stanley Smith Barney LLC
0001092203
Crypto Custodian
Fund Administrator
Traditional Broker
Crypto Broker
Auditor
Transfer Agent
Paying Agent

Legal & Regulatory

Issuer
Ondo USDY
Issuer LEI
Issuer CIK
Domicile
United States of America Flag
United States of America
Regulatory Framework

U.S. Securities Act Reg. S Exemption

SEC - U.S. Securities and Exchange Commission

Dispute Resolution Country
Account
Segregation
Bankruptcy
Remote
Deposit
Insurance
Terms

Fees

Management
Fees
0%
Performance
Fees
0%
Other Fees
The issuer earns interest on the underlying bank deposits and Treasuries and sets a monthly yield rate for holders that is slightly below the collateral yield, retaining the difference.
Redemption
Fees
0%
Subscription
Fees
0%

Holders

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holder breakdowns

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Holders Product Screenshot