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Ondo US Dollar Yield Token Overview
24h High
$1.14
24h Low
$1.13
24h Change
-0.44%
7d Change
+0.10%
30d Change
-0.34%
Volume 24h
$1.77K
Market Cap
$1.34B
Circulating Supply
1.18B USDY
Ondo US Dollar Yield Token News
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About Ondo US Dollar Yield Token
USD Yield (USDY) by Ondo Finance is a unique tokenized note backed by US Treasuries and bank deposits, blending traditional financial security with digital innovation. Not available for sale or distribution in the U.S. or to U.S. persons, and not registered under the U.S. Securities Act of 1933, it functions as a bearer instrument with a variable yield starting at 5% APY. USDY, structured as senior secured debt of Ondo USDY LLC, is accessible without accreditation requirements, allowing daily minting or redeeming directly with Ondo. After a 40-50 day waiting period, these tokens can be transferred on-chain to qualifying non-U.S. investors, combining the stability of traditional assets with the flexibility of digital tokens while adhering to international regulations.
USDY serves as a bearer instrument that offers a variable yield starting at 5% Annual Percentage Yield (APY), appealing to those looking for a mix of stability and profitability in their investment. It operates similarly to stablecoins in terms of accessibility but stands out due to its secured backing and yield potential. USDY can be minted or redeemed directly with Ondo by both individuals and institutions without the need for accreditation. This process allows for daily engagement, promoting ease of access and participation in the financial instrument. After a waiting period of 40-50 days post-minting, USDY tokens can be transferred on-chain to investors who meet specific eligibility criteria, including non-US persons located outside the United States.
Ondo US Dollar Yield Token Markets
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Ondo US Dollar Yield Token Platforms
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Ondo US Dollar Yield Token Market Data
The live Ondo US Dollar Yield Token price today is $1.13 USD with a 24-hour trading volume of $1,772.61 USD. We update our USDY to USD price in real-time. Ondo US Dollar Yield Token is down 0.44% in the last 24 hours.
The current market cap is $1,335,427,466.80 USD, ranking #53 by market capitalization. The circulating supply is 1,179,631,643 USDY.