USDY is a yield-bearing tokenized note by Ondo Finance, backed by U.S. Treasuries and bank deposits, available on multiple blockchains for eligible non-U.S. investors.
| Symbol | USDY |
| Peg | USD |
| Backing | Rwa backed |
| Status | Active |
| Launched | 2023 |
| Networks | L1 EVM Ethereum, Sei L1 non EVM Solana, Sui, Aptos, Noble, Stellar L2 Arbitrum, Mantle Network, Plume Network |
| Specifications | Backing Short-term U.S. Treasuries and bank demand deposits Redemption Direct mint and redemption is available to eligible non-U.S. investors on any business day, with subscriptions via stablecoins and USD wires, and redemptions through wire transfers only. KYC required Yes |
| Use cases | Yield, Trading |
| Mint and redeem | USDY is a tokenized note available to qualifying non-US individual and institutional investors. After completing issuer onboarding and applicable KYC and eligibility checks, eligible investors can mint USDY with USDC; USD bank-wire subscriptions are also available for deposits of $100,000 or more. Eligible holders can redeem for USDC through Ondo Global Markets (BVI) Limited or redeem to USD by bank wire to a non-US bank account. Minting and redemption on Sui, Aptos, Stellar, XRP and Noble require contacting Ondo support and have a stated $5,000 minimum. U.S. persons and other prohibited persons cannot subscribe for, acquire or redeem USDY directly. Depending on issuance date, the note is secured by short-term U.S. Treasuries, shares of the iShares Short Treasury Bond ETF or bank demand deposits. |
| Regulatory status | Jurisdiction United States · License type Offered to non-US persons under Regulation S; “USDY tokens have not been registered under the US Securities Act of 1933, as amended” (Ondo, Important Notes) · Status Exempt |
| Chain | Address |
|---|---|
| Aptos | 0xcfea864b32833f157f042618bd845145256b1bf4c0da34a7013b76e42daa53cc |
| Arbitrum One | 0x35e050d3c0ec2d29d269a8ecea763a183bdf9a9d |
| Binance Smart Chain | 0x608593d17a2decbbc4399e4185be4922f97ed32e |
| Ethereum | 0x96f6ef951840721adbf46ac996b59e0235cb985c |
| Mantle | 0x5be26527e817998a7206475496fde1e68957c5a6 |
| Mantra | ibc/6749D16BC09F419C090C330FC751FFF1C96143DB7A4D2FCAEC2F348A3E17618A |
| Noble | ausdy |
| Osmosis | ibc/23104D411A6EB6031FA92FB75F227422B84989969E91DCAD56A535DD7FF0A373 |
| Plume Network | 0xd2b65e851be3d80d3c2ce795eb2e78f16cb088b2 |
| Sei V2 | 0x54cd901491aef397084453f4372b93c33260e2a6 |
| Solana | A1KLoBrKBde8Ty9qtNQUtq3C2ortoC3u7twggz7sEto6 |
| Stellar | USDY-GAJMPX5NBOG6TQFPQGRABJEEB2YE7RFRLUKJDZAZGAD5GFX4J7TADAZ6 |
| Sui | 0x960b531667636f39e85867775f52f6b1f220a058c4de786905bdf761e06a56bb::usdy::USDY |
| Tempo | 0x20c000000000000000000000d479b9f6ec0ceff9 |
USDY is a stablecoin launched by Ondo Finance in August 2023, designed to provide yield-bearing opportunities through its backing by short-term U.S. Treasuries and bank demand deposits.
USDY can be minted and redeemed by non-U.S. investors on any business day, with a transferability period of 40-50 days post-issuance. KYC/KYB processes are mandatory for transactions.
The stablecoin is secured by high-quality financial instruments, ensuring stability and yield generation.
USDY is a yield-bearing tokenized note by Ondo Finance, backed by U.S. Treasuries and bank deposits, available on multiple blockchains for eligible non-U.S. investors.
Short-term U.S. Treasuries and bank demand deposits
USDY is recorded on 10 networks, including Ethereum, Sei, Solana, Sui, Aptos, Noble.
USDY has a market capitalization of $2.4B as of 29 October 2026.