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Ondo Finance
USDY
Tokenized Treasuries
A token or fund provides economic exposure to Treasury or cash-equivalent assets.
3.55% APY
USDY
Verified Aug 8, 2026
How your money earns
- You
- USDY
- Ondo structure
- Treasuries and cash equivalents
Where the return comes from
Treasury and cash-equivalent assets
USDY is a tokenized note whose eligible underlying collateral may include short-term U.S. Treasuries, short-duration Treasury ETF shares and bank demand deposits.
Source →What you take on
- Ondo issuer structure
- Underlying assets
- Redemption
- Transfer restrictions
USDY is a tokenized note, not a conventional stablecoin savings account. It introduces issuer, legal-structure, underlying-asset and redemption risks.
Access
- Eligibility
- Direct access is intended for qualifying non-US individuals and institutional investors. Eligibility restrictions apply.
- Lock-up and liquidity
- See Ondo subscription and redemption terms
Underlying stablecoin
USDY