Search assets, issuers, categories and contract addresses
A yield-bearing dollar alternative for non-US investors, secured by treasuries.
USDY is a tokenized secured note backed by short-term US Treasuries and bank demand deposits, issued by Ondo USDY LLC with first-priority security interest for tokenholders. The token accrues value daily; a rebasing variant (rUSDY) is available. Distribution is limited to non-US persons under Reg S.
USDY is the most retail-accessible of the major treasury tokens (for non-US investors), trading freely on DEXs after its lockup with deep liquidity across Ethereum, Solana and Aptos. The bankruptcy-remote secured-note structure with an independent collateral agent is stronger than most competitors' arrangements. Watch the small basis between market price and accrued NAV, and note that yield resets with front-end rates.
Generated from issuer disclosures and reviewed against sources listed below. Not investment advice.
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers — approximately 8K holders across networks.
No — it is a yield-accruing note whose token price rises over time; rUSDY offers a $1.00-pegged rebasing form.
No. USDY is offered exclusively to non-US persons under Regulation S.