Price
$1.1498
+$0.0001 today
APY¹
3.75%
TVL
$2.35B
Available on
$1.1498
+$0.0001 today
EligibilityNon-US Individuals & Organizations
Underlying AssetsBank Deposits; Short-Term US Treasuries
LiquidityDaily Subscriptions & Redemptions
TransferabilityFreely Transferrable²
Legal StructureDebt Issued by Bankruptcy-Remote Entity
Use CasesCash Management; Yield-bearing Collateral
Regulatory ComplianceContinuous Regulation S Offering
Issuer DomicileUnited States
Available NetworksEthereum,Mantle,Solana,Sui,Aptos,Noble,Arbitrum,Stellar,Sei,Tempo,BNB Chain
Widely Accessible
Supported by the most widely-used blockchains and DeFi projects globally.
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Composable & Permissionless
USDY is compatible with smart contracts, enabling onchain lending, trading, derivatives and more.
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Trusted & Transparent
USDY is over-collateralized with third-party reserve attestations published daily.
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Bankruptcy Remoteness
Designed to be bankruptcy-remote, safeguarding investor assets from unlikely events.
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USDY
Accumulating
An "accumulating" token that reflects income in the form of an increasing share price.
Example
If Alex has one accumulating USDY token worth $1 and accrues one dollar of yield, he now has one USDY token worth $2.
rUSDY
Rebasing
A "rebasing" token with a stable $1 value that pays out interest daily via new token rebasement.
Example
If Alex has one rebasing rUSDY token worth $1 and accrues one dollar of yield, he now has two rUSDY tokens, each still worth $1 apiece.
Onchain Savings
Earn yield on your idle balances with the equivalent of an onchain savings account.
DeFi
Supported by some of the largest DeFi protocols on leading blockchains as collateral for derivatives, perpetuals, and more.*
Borrowing & Lending
Pledge USDY as collateral and earn yield while you borrow.*
Global Access
USDY provides global (non-US) access to the yield and relative stability of US Treasuries.
Cash Management
Earn low-risk yield on your treasury, with daily mint and redemption.
Crypto Capital Markets
Add USDY into your DeFi protocol, exchange, wallet, or app for your users to hold, stake, use as collateral, and more while earning yield.*
Merchant Settlements
Shopify merchants worldwide can accept payments in cryptocurrencies with real-time conversions settling in USDY.
Cross-Border Payments
Conduct secure, cost-effective, and near-instant cross-border payments while having access to US Treasuries-backed yield.
Current TVL
$2.35B TVL
Chart values as of 8:00:00pm EDT.
Portfolio Overview
As of October 15, 2026 7:59:59pm EDT
Value of USDY Outstanding3
$2.06B
Value of Underlying Assets4
$2.39B
Collateralization Ratio5
151.21%
| % | Position | Current Value6$2,385,999,480 | WAM7184.73 days | YTM84.13% |
|---|---|---|---|---|
| 87.67% | US Treasuries | $2,091,852,650 | 210.57 day(s) | 4.21% |
| 12.30% | SHVon — iShares 0–1 Year Treasury Bond ETF (Ondo Tokenized) | $293,513,386 | 1 day(s) | 3.60% |
| 0.03% | Silicon Valley Bank - Bank Deposits | $599,553 | 1 day(s) | 2.95% |
| <0.01% | Other Cash and Cash Equivalents | $33,890 | 1 day(s) | 0.00% |
Interested in one of our products or have a question? Send us a message and we’ll get back to you shortly. You can send us a message by filling out the adjacent form or by emailing us at support@ondo.finance
We’re always improving the client experience, growing liquidity, providing more options, and building our one-of-a-kind community one brick at a time. If you provide a first-class digital assets service that incorporates our products we want to hear from you!
