Ondo US Dollar Yield

Ondo US Dollar Yield PriceUSDY

₹110.487805
₹0.133685+0.12%

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Ondo US Dollar Yield Price Today

Current USDY/INR real-time price is ₹110.487805, with a 24-hour change rate of +0.12% and a 7-day change rate of +0.12%. USDY currently ranks #204 globally by market cap, with a total market cap of ₹21.908698KCr, a fully diluted valuation (FDV) of ₹21.908698KCr, and a 24-hour trading volume of ₹15.811014Cr. In terms of supply, USDY has a maximum supply of ∞, a current circulating supply of 198.52Cr, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) Overview

Ondo US Dollar Yield (USDY) is a tokenized representation of short-term U.S. Treasury bills, offering a yield-bearing alternative to traditional stablecoins within the Real-World Asset (RWA) category.

Key Takeaways

  • USDY is a tokenized note backed by short-term U.S. Treasury bills and bank demand deposits, designed to generate yield for holders.
  • It operates primarily on the Ethereum and Solana blockchains, leveraging smart contracts for minting, redemption, and compliance.
  • Unlike rebasing stablecoins, USDY is a non-rebasing token, meaning its token quantity per holder remains constant while its underlying value accrues.
  • Its primary use case is to provide a compliant, yield-generating dollar-denominated asset for DeFi protocols, institutions, and individual investors.
  • USDY aims to bridge the gap between traditional finance (TradFi) yield and the decentralized finance (DeFi) ecosystem.

What is Ondo US Dollar Yield? Key Specifications & Tokenomics

Ondo US Dollar Yield (USDY) is a yield-bearing, tokenized representation of assets held in a legally structured vehicle, specifically short-term U.S. Treasuries and bank deposits.

ItemDetails
Name (Ticker)Ondo US Dollar Yield (USDY)
Alternative NamesUSDY Token
Consensus MechanismN/A (Issued on existing blockchains)
Smart ContractsSupported (EVM/Solana). The token utilises smart contracts for operations like minting, burning, and enforcing transfer restrictions.
CategoryReal-World Assets (RWA), Yield-Bearing Stable Alternative
Hash AlgorithmKeccak-256 (for Ethereum-based implementation)
Block RewardN/A
Max SupplyUncapped (Supply fluctuates based on minting and redemption of underlying assets)
TPSDependent on the underlying blockchain (Ethereum, Solana)
Scaling SolutionRelies on Layer 2 solutions (for Ethereum) and native high throughput (for Solana)
BlockchainEthereum, Solana

Who created Ondo US Dollar Yield (USDY)?

Ondo US Dollar Yield (USDY) was created by Ondo Finance. Ondo Finance is a significant player in the Real-World Asset (RWA) tokenisation space, founded by former Wall Street professionals. The team includes experts from firms like Goldman Sachs and Bridgewater Associates, bringing deep traditional finance experience to the crypto ecosystem. The project is managed by Ondo DAO, which oversees key parameters and the development of the USDY ecosystem. The primary goal was to create a compliant, institutional-grade financial product that offers the safety and yield of U.S. Treasuries with the programmability and accessibility of a digital asset.

How does Ondo US Dollar Yield (USDY) work?

USDY functions through a structured financial and technological process:

  • Asset Backing: Each USDY token is backed by a combination of short-term U.S. Treasury bills and demand deposits in U.S. regulated banks. These assets are held in a bankruptcy-remote special purpose vehicle (SPV) for security.
  • Yield Mechanism: The yield generated from the underlying Treasury bills accrues to the token's underlying value. Unlike rebasing tokens that distribute yield by increasing token quantity, USDY is non-rebasing. This means the number of tokens in a wallet stays the same, but the redeemable value per token increases over time.
  • Minting and Redemption: Qualified investors can mint new USDY tokens by depositing US dollars, which are then used to purchase the underlying assets. Conversely, holders can redeem their USDY tokens for the underlying net asset value (NAV) after a mandatory holding period (typically 40 days), which ensures compliance with securities regulations.
  • On-Chain Representation: Smart contracts on supported blockchains like Ethereum and Solana manage the token's lifecycle, enforce transfer rules (like the holding period), and facilitate its integration into various DeFi applications.

What makes Ondo US Dollar Yield (USDY) unique and valuable?

USDY stands out in the crowded stablecoin and digital asset space for several key reasons:

  • Yield-Bearing Nature: It directly provides exposure to the risk-free rate (U.S. Treasury yields) on-chain, a feature most traditional stablecoins like USDT or USDC lack.
  • Regulatory Compliance Focus: Its structure, including the mandatory holding period, is designed to comply with U.S. securities regulations, making it more palatable for institutional adoption.
  • Non-Rebasing Design: The constant token quantity simplifies integration with DeFi protocols, as it avoids the complexities associated with balance-changing rebasing mechanisms used by some other yield-bearing assets.
  • High-Quality Collateral: Backing by U.S. Treasuries and bank deposits provides a high degree of safety and stability compared to algorithmic or crypto-collateralised stable assets.
  • Bridge Between TradFi and DeFi: USDY effectively tokenises a cornerstone of traditional finance, allowing its yield and safety profile to be utilised across the decentralised financial ecosystem.

What is Ondo US Dollar Yield (USDY) used for?

USDY serves multiple purposes for different types of users in the digital economy:

  • Yield Generation for Holders: Investors and DAOs can hold USDY as a capital-efficient alternative to cash or traditional stablecoins, earning yield on their dollar holdings directly on-chain.
  • DeFi Collateral: USDY can be used as collateral in lending protocols, liquidity pools, and other DeFi applications, allowing users to potentially earn multiple layers of yield (e.g., lending interest plus underlying USDY yield).
  • Institutional Treasury Management: Companies and institutions can use USDY for on-chain treasury management, gaining yield on corporate cash reserves while maintaining liquidity and regulatory compliance.
  • Stable Trading Pair: It provides a yield-bearing base currency for trading pairs on decentralised exchanges (DEXs), offering liquidity providers an additional yield source.

How Is the Ondo US Dollar Yield (USDY) ecosystem developing?

The USDY ecosystem is expanding through strategic integrations and partnerships:

  • Multi-Chain Expansion: Initially launched on Ethereum, USDY has expanded to Solana, significantly increasing its accessibility and utility across different blockchain ecosystems.
  • DeFi Integrations: USDY is increasingly integrated into major DeFi protocols for lending, borrowing, and liquidity provision. This includes partnerships with leading lending markets and decentralised exchanges.
  • Ondo's Product Suite: USDY is a core component of Ondo Finance's broader product lineup, which includes other tokenized assets like OUSG (U.S. Treasuries) and OMMF (money market funds), creating a comprehensive RWA offering.
  • Institutional Adoption: Ondo is actively pursuing partnerships with traditional financial institutions and fintech platforms to facilitate the use of USDY for payments, settlements, and asset management.

How to mine Ondo US Dollar Yield (USDY)?

USDY is not a mineable cryptocurrency. It is a tokenized financial instrument that is created (minted) through a financial process, not through cryptographic mining or staking.

  • Minting Process: New USDY tokens are minted when qualified investors deposit U.S. dollars with Ondo Finance. These funds are used to purchase the underlying Treasury bills and bank deposits, and an equivalent amount of USDY is issued to the depositor's wallet.
  • No Proof-of-Work/Stake: The token does not rely on a decentralised consensus mechanism for creation. Its supply is directly tied to the assets held in the custodial SPV.

How to keep your USDY Coin safe?

Securing your USDY involves standard practices for managing cryptocurrency and understanding its unique structure:

  • Use Secure Wallets: Store USDY in reputable, non-custodial wallets that support the Ethereum (ERC-20) or Solana (SPL) token standards, such as hardware wallets (Ledger, Trezor) or audited software wallets.
  • Understand Custodial Aspects: Recognise that while the token is on-chain, its ultimate value is derived from off-chain, custodied traditional assets. Trust in the issuer's (Ondo Finance) regulatory compliance and asset management is crucial.
  • Beware of Smart Contract Risks: When using USDY in DeFi protocols, audit the security of the specific smart contracts you interact with to avoid risks like exploits or bugs.
  • Compliance Awareness: Be aware of the mandatory holding period and transfer restrictions coded into the USDY smart contract to avoid failed transactions.

How to buy USDY Coin?

USDY is a specialised cryptocurrency available on select exchanges. For a seamless trading experience with robust liquidity, consider using a major platform like BTCC.

  1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide on how to buy USDT.
  3. Start Trading: Go to the trading page and search for the spot trading pair USDY/USDT or the perpetual contract USDYUSDT.
  4. Place an Order: Enter the amount of USDY you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.

How to Buy and Use Ondo US Dollar Yield

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsOndo US Dollar Yield is instantly credited to your BTCC account, ready for trading at any time.

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Choose Ondo US Dollar Yield products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for USDY are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Ondo US Dollar Yield FAQs

How does USDY yield accrual and staking-style holding affect Ondo US Dollar Yield supply and price?

Ondo US Dollar Yield (USDY) is not mined and does not use a traditional proof-of-stake consensus. Instead, USDY is a non-rebasing ERC-20 tokenized note issued by Ondo USDY LLC (now under the Ondo Stocks umbrella) and backed by short-term US Treasuries and bank demand deposits. Yield accrues daily whether you hold, stake, pledge, or use USDY as collateral, and it is reflected through a rising per-token redemption price rather than new token issuance.

Because the accumulating version does not rebase, holding does not inflate supply. The rebasing variant rUSDY keeps its price at $1.00 and distributes yield as additional rUSDY tokens, but those tokens are backed by USDY locked in the wrapper contract, so total value is not double counted. Supply grows mainly through new minting with USDC or bank wire, and shrinks through redemption.

For USDY's long-term price, the key implication is that value tracks the underlying Treasury portfolio and accrued yield rather than speculative issuance. Sustained demand for a permissionless yieldcoin can raise TVL and liquidity, while the absence of inflationary staking rewards keeps the supply model disciplined.

How do network upgrades, gas fees, and DeFi integrations across Ethereum, Solana, and Arbitrum impact USDY's value?

Ondo US Dollar Yield (USDY) is available natively across many of the largest blockchain networks, including Ethereum, Solana, Arbitrum, Mantle, Sui, Aptos, Noble, Stellar, Sei, Tempo, and BNB Chain. Because USDY is a non-rebasing ERC-20-style token with transfer restrictions managed via allowlist and blocklist, network upgrades that lower gas fees or improve throughput directly reduce the cost of minting, redeeming, and moving USDY between venues.

On Ethereum, Layer 2 scaling and rollup upgrades such as Arbitrum help cut transaction costs while inheriting Ethereum security. On Solana, high throughput and low fees support frequent settlement and DeFi composability. Across these networks, deeper DeFi integrations let USDY serve as yield-bearing collateral for lending, derivatives, and perpetuals, which increases utility and demand.

Higher DeFi TVL and more integrations can raise USDY's liquidity and practical usefulness, supporting its value as a yieldcoin. Note that USDY does not use an EIP-1559-style burn mechanism; its value is driven by Treasury-backed yield accrual and adoption, not by fee burning.

How would a spot ETF or institutional adoption of USDY affect Ondo US Dollar Yield price and demand?

A spot ETF or similar institutional wrapper would give regulated investors direct exposure to Ondo US Dollar Yield (USDY) without needing to self-custody tokens or manage blockchain transfers. Because USDY is a tokenized note for non-US individuals and institutions, backed by short-term US Treasuries and bank demand deposits, an institutional vehicle could package that Treasury-backed yield into a familiar format for funds, family offices, and corporate treasuries.

Sustained institutional inflows would likely deepen USDY's liquidity, improve market depth, and reinforce its legitimacy as a compliant yield-bearing asset. Larger, more stable holdings could reduce volatility and create a firmer price floor tied to the underlying portfolio value and accrued yield. Daily attestations and a bankruptcy-remote legal structure already support transparency, which is attractive to institutional allocators.

That said, USDY's price is anchored to its net asset value and yield rather than pure speculation, so ETF-driven demand would most likely expand TVL and adoption rather than produce explosive price swings.

USDY vs BTC: how does Ondo US Dollar Yield's Treasury-backed yield model compare to Bitcoin?

Ondo US Dollar Yield (USDY) and Bitcoin (BTC) serve very different roles. USDY is a yield-bearing token secured by short-term US Treasuries and bank demand deposits, designed to combine stablecoin-like accessibility with US dollar-denominated yield. BTC is a decentralized, fixed-supply digital asset whose value comes from scarcity, network security, and market adoption. The table below summarizes the main differences.

DimensionOndo US Dollar Yield (USDY)Bitcoin (BTC)
Core PositioningTreasury-backed yieldcoinDecentralized digital gold
Supply ModelElastic, mint and redeem dailyCapped at 21 million
ConsensusIssuer-managed, multi-chain tokenProof of Work
Main Use CasesOnchain savings, yield collateralStore of value, settlement

In short, USDY targets stable, yield-driven returns, while BTC targets long-term appreciation with higher volatility.

How do I set stop-loss and take-profit levels when trading USDY futures?

On BTCC, you can attach stop-loss (SL) and take-profit (TP) orders to any USDY/USDT perpetual contract position. These orders help you cap downside and lock in gains automatically.

  • Long position: place your stop-loss below a key support zone, a recent swing low, or a moving average you are trading against. Set your take-profit near a known resistance level or the next supply zone above entry.
  • Short position: place your stop-loss above a key resistance level or recent swing high. Set your take-profit near a support zone below entry.
  • Trailing stop: use a trailing stop to lock in profits as price moves in your favour. You can also manually move your stop-loss to break-even once the trade is in profit.

Always size positions so that a single stop-out does not wipe out your account, and remember that USDY is a low-volatility yieldcoin, so tight stops may trigger on normal noise.

What is USDY's current price, market cap, and 24-hour trading volume?

The current price of Ondo US Dollar Yield (USDY) is ₹110.487805, with a market cap of ₹21.908698KCr and 24h trading volume of ₹15.811014Cr. The circulating supply is 198.52Cr (max supply ∞).

USDY is a yield-bearing token secured by short-term US Treasuries and bank demand deposits, and its price is anchored to the underlying portfolio value plus accrued yield. Because it is a non-rebasing token, the per-token redemption price rises as yield accrues, while the rebasing variant rUSDY keeps a $1.00 price and distributes yield as extra tokens.

For the most up-to-date order book, depth, and live funding rates, visit the USDY/USDT perpetual contract page on BTCC. There you can also view real-time charts and place trades with leverage, stop-loss, and take-profit orders.

What are the core drivers of Ondo US Dollar Yield (USDY) price movement?

Ondo US Dollar Yield (USDY) is a Treasury-backed yieldcoin, so its price is driven by three main layers:

  • Supply side: staking-style holding and collateral lock-ups reduce free float, while minting and redemption activity expand or contract supply. USDY has no burn mechanism, so supply changes come from issuance and redemption rather than fee burning. Exchange reserves also affect short-term liquidity.
  • Ecosystem: DeFi integrations, TVL across Ethereum, Solana, and Arbitrum, and usage as yield-bearing collateral for lending, derivatives, and perpetuals all raise demand. More DApp and settlement use cases increase the token's utility.
  • Macro: Fed rate decisions, global liquidity conditions, ETF net flows, and regulation all influence the yield available on short-term US Treasuries, which in turn affects USDY's APY and attractiveness.

Because USDY tracks net asset value plus accrued yield, its price tends to be far less volatile than speculative crypto assets.

What is USDY's all-time high and all-time low?

The all-time high of Ondo US Dollar Yield (USDY) is ₹137.044966, reached on 2025-09-17 07:20; the all-time low is ₹93.77146, recorded on 2024-02-01 12:35.

USDY is a yield-bearing token secured by short-term US Treasuries and bank demand deposits, so its price history reflects gradual yield accrual rather than sharp speculative swings. The accumulating version rises slowly as the underlying portfolio earns interest, while the rebasing variant rUSDY holds a $1.00 price and distributes yield as additional tokens.

To inspect the full-cycle chart, historical price action, and live market depth, open the USDY/USDT perpetual contract page on BTCC. There you can overlay moving averages, RSI, and volume to study how USDY has traded across different market cycles.

How do I read USDY's candlestick chart for futures trading?

Reading a Ondo US Dollar Yield (USDY) candlestick chart on BTCC starts with the basics:

  • Candlestick anatomy: each candle shows the open, high, low, and close. The body is the range between open and close; the wicks show the extremes. A long lower wick suggests buyers stepped in; a long upper wick suggests sellers capped the move.
  • Support and resistance: horizontal zones where price has repeatedly reversed. These are natural places to plan entries, stop-losses, and take-profits.
  • Moving averages: MA and EMA lines smooth price and show trend direction. Price above a rising MA is generally bullish; price below a falling MA is bearish.
  • RSI: above 70 is often read as overbought, below 30 as oversold. Use it with trend context, not alone.
  • Volume: breakouts backed by rising volume are more reliable than low-volume moves.

Combine these tools on the USDY/USDT chart to build a repeatable trading plan.

How can I profit when Ondo US Dollar Yield (USDY) drops using short selling?

You can short Ondo US Dollar Yield (USDY) without holding any spot tokens by using BTCC's USDY/USDT perpetual contracts. The idea is simple: open a short position at a higher price, then close it (buy back) at a lower price to lock in the price difference as profit.

This gives you a two-way trading opportunity. In bearish or pullback markets, shorting lets you profit from downside moves instead of sitting in cash. You can also use short positions to hedge a spot USDY holding, reducing overall portfolio risk during uncertain periods.

On BTCC, open the USDY/USDT perpetual page, choose Short, set your leverage and margin mode, and attach stop-loss and take-profit orders to manage risk. Because USDY is a low-volatility yieldcoin, moves are usually gradual, so position sizing and patience matter more than aggressive entries.

Can I trade USDY perpetual contracts with high leverage?

Yes. BTCC offers flexible leverage on Ondo US Dollar Yield (USDY) perpetual contracts, with leverage up to 50x on the USDY/USDT pair, subject to platform risk rules and your account tier. Higher leverage lets you control a larger position with less margin, but it magnifies both gains and losses.

For beginners, starting at 2x to 10x is strongly recommended. At those levels you can learn how USDY behaves, test your entries, and still keep liquidation risk manageable. Always pair leverage with a strict stop-loss and avoid risking more than a small percentage of your account on any single trade.

On BTCC you can adjust leverage before opening a position, switch between margin modes, and attach SL/TP orders directly to the trade. Because USDY is a low-volatility Treasury-backed yieldcoin, very high leverage is rarely necessary to capture its typical price moves.

How do I practice USDY trading with a free demo account?

After registering on BTCC, you can switch to Demo Trading mode and receive virtual funds, such as 100,000 USDT, to practice without risking real capital. The demo environment uses real Ondo US Dollar Yield (USDY) market data, so the charts, order book, and price action match the live USDY/USDT perpetual contract.

In demo mode you can practice adjusting leverage, switching margin modes, placing long and short orders, and setting take-profit and stop-loss levels. You can also test trailing stops and see how liquidation prices change as you modify margin.

Because USDY is a yield-bearing token secured by US Treasuries, its price moves are usually gradual, which makes the demo account a good place to learn how funding rates and low-volatility conditions affect perpetual positions before you trade with real funds.

How do I buy and trade Ondo US Dollar Yield (USDY) step by step?

Here is a simple four-step guide to buying and trading Ondo US Dollar Yield (USDY) on BTCC:

  1. Register and complete KYC: create a BTCC account and finish the 4-step identity verification so you can deposit and trade.
  2. Deposit USDT: fund your account with USDT via card or by transferring from an external wallet.
  3. Open the USDY/USDT page: go to the USDY/USDT perpetual contract market on BTCC.
  4. Place your trade: set margin mode and leverage, choose Long or Short, set your stop-loss and take-profit, then confirm the order.

USDY is a Treasury-backed yieldcoin, so its price tends to move gradually. Start with modest leverage, use SL/TP on every trade, and consider practicing in the BTCC demo account before committing real funds.

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