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View ChartOndo 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.
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.
| Item | Details |
|---|---|
| Name (Ticker) | Ondo US Dollar Yield (USDY) |
| Alternative Names | USDY Token |
| Consensus Mechanism | N/A (Issued on existing blockchains) |
| Smart Contracts | Supported (EVM/Solana). The token utilises smart contracts for operations like minting, burning, and enforcing transfer restrictions. |
| Category | Real-World Assets (RWA), Yield-Bearing Stable Alternative |
| Hash Algorithm | Keccak-256 (for Ethereum-based implementation) |
| Block Reward | N/A |
| Max Supply | Uncapped (Supply fluctuates based on minting and redemption of underlying assets) |
| TPS | Dependent on the underlying blockchain (Ethereum, Solana) |
| Scaling Solution | Relies on Layer 2 solutions (for Ethereum) and native high throughput (for Solana) |
| Blockchain | Ethereum, Solana |
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.
USDY functions through a structured financial and technological process:
USDY stands out in the crowded stablecoin and digital asset space for several key reasons:
USDY serves multiple purposes for different types of users in the digital economy:
The USDY ecosystem is expanding through strategic integrations and partnerships:
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.
Securing your USDY involves standard practices for managing cryptocurrency and understanding its unique structure:
USDY is a specialised cryptocurrency available on select exchanges. For a seamless trading experience with robust liquidity, consider using a major platform like BTCC.
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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 (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.
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.
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.
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.
| Dimension | Ondo US Dollar Yield (USDY) | Bitcoin (BTC) |
|---|---|---|
| Core Positioning | Treasury-backed yieldcoin | Decentralized digital gold |
| Supply Model | Elastic, mint and redeem daily | Capped at 21 million |
| Consensus | Issuer-managed, multi-chain token | Proof of Work |
| Main Use Cases | Onchain savings, yield collateral | Store of value, settlement |
In short, USDY targets stable, yield-driven returns, while BTC targets long-term appreciation with higher volatility.
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.
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.
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.
Ondo US Dollar Yield (USDY) is a Treasury-backed yieldcoin, so its price is driven by three main layers:
Because USDY tracks net asset value plus accrued yield, its price tends to be far less volatile than speculative crypto assets.
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.
Reading a Ondo US Dollar Yield (USDY) candlestick chart on BTCC starts with the basics:
Combine these tools on the USDY/USDT chart to build a repeatable trading plan.
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.
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.
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.
Here is a simple four-step guide to buying and trading Ondo US Dollar Yield (USDY) on BTCC:
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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