Live · updated 9 minutes ago
Ondo US Dollar Yield Price chart
Key stats
Performance
How the price moved over each period.
Supply
2.08B USDY circulate. No maximum supply is set.
- Circulating
- 2.08B
- Total supply
- 2.08B
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.23% of market cap. Thin trading; small orders can move the price.
$2.39B market cap, rank #42. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
8.7% below its all-time high of $1.26.
Largest recent swing: 0.08% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Ondo US Dollar Yield (USDY)?
Ondo US Dollar Yield (USDY) is a tokenized note issued by Ondo Finance. Each token is a claim on Ondo USDY LLC, a bankruptcy-remote entity, and is secured by a portfolio of short-term US Treasury securities and bank deposits. Ondo announced USDY in August 2023 as a way for investors outside the United States to hold dollar yield on-chain.
How USDY works
Interest earned by the underlying assets accrues to holders every day. USDY comes in two forms that can be converted into each other:
- USDY is the accumulating token. Its redemption value rises as yield accrues.
- rUSDY is the rebasing version. Its value stays near one dollar while the number of tokens in a wallet grows.
Ondo offers USDY as a continuous offering to non-US individuals and institutions. US persons are excluded, and holders go through Ondo's onboarding and screening before their wallet can hold the token. USDY is also a debt instrument, not a bank deposit or a money market fund share, so its legal protections differ from those of a bank account.
USDY supply and token design
USDY has no fixed cap. Supply expands and contracts as investors subscribe and redeem against the reserve portfolio. Ondo states that reserve attestations are published by third parties. Live circulating supply is shown in the market data on this page.
The token is issued on several networks, including Ethereum, Solana, Mantle, Sui, Aptos, Arbitrum, BNB Chain, Stellar, Sei and Noble. The Ethereum contract is 0x96f6ef951840721adbf46ac996b59e0235cb985c.
Ondo describes the reserve as short-dated US Treasury exposure plus bank deposits, and says its collateral value exceeds the amount of USDY outstanding. It lists the rebasing and accumulating forms as convertible into each other without slippage. USDY followed OUSG, an earlier Ondo product, and was announced as the first tokenized note secured by US Treasuries and bank deposits. Because holders own a debt claim rather than fund shares, the quality of the issuing entity and its custodians matters as much as the Treasury holdings.
Official information is on ondo.finance.
What to check before using USDY
- Eligibility: US persons cannot hold USDY, and access depends on passing Ondo's onboarding checks in your jurisdiction.
- Issuer and structure risk: you hold a claim on a special-purpose entity, so recovery depends on that structure and on the reserve assets.
- Interest-rate and reserve risk: yield follows short-term Treasury rates and the portfolio mix, and both change over time.
- Liquidity and peg: secondary-market prices on decentralized exchanges can differ from the redemption value, particularly during stress.
- Transfer rules: because of the allowlist model, tokens may only move between approved wallets, which limits where you can use them.
Ondo US Dollar Yield project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0x96f6ef…cb985c - Noble:
ausdy - Mantle:
0x5be26527e817998a720647… - Tempo:
0x20c0000000000000000000… - Sui:
0x960b531667636f39e85867… - Osmosis:
ibc/23104D411A6EB6031FA9… - Mantra:
ibc/6749D16BC09F419C090C… - Solana:
A1KLoBrK…7sEto6
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Ondo US Dollar Yield market analysis
With a market capitalisation of $2.39 billion, Ondo US Dollar Yield (USDY) is classed as a mid-cap asset and ranks #42 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 96.9% of them. It accounts for roughly 0.09% of the combined tracked market value. Mid-cap assets sit between the established majors and the speculative long tail, so both growth and drawdowns can be sharp.
Over the last 24 hours roughly $5.60 million of USDY changed hands, equal to 0.23% of its market cap, which puts its trading volume ahead of about 82.9% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 12% of tracked assets.
Price action: USDY moved −0.08% in 24 hours and +0.15% over 7 days. It outperformed Bitcoin by 2.10 percentage points over 24 hours and by 4.01 points over 7 days. Against the median tracked coin (ahead by 2.16 points on the day and ahead by 6.36 points on the week), it has been a relative strength in recent sessions.
To overtake Cronos (CRO) just above it, Ondo US Dollar Yield would need to grow its market cap by about 6.3%; it is 4.8% larger than OKB (OKB) just below. Its market cap is 0.16% of Bitcoin's.
Based on market data; not investment advice.
Ondo US Dollar Yield FAQ
What is USDY?
USDY is a yield-bearing tokenized note from Ondo Finance, secured by short-term US Treasuries and bank deposits. It is offered to non-US investors.
What is USDY used for?
Holders use it to earn dollar yield on-chain while keeping a dollar-denominated asset. It can also serve as collateral or treasury holdings in some DeFi applications.
Who can hold USDY?
Ondo offers USDY to non-US individuals and institutions. US persons are excluded, and wallets must complete Ondo's onboarding.
What is the difference between USDY and rUSDY?
USDY is the accumulating token whose value rises as yield accrues. rUSDY is the rebasing version that stays near one dollar while the token balance grows.
Price history
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