Ondo US Dollar Yield
Stablecoin-Profil
Ondo US Dollar Yield (USDY) ist ein fiat-gedeckter Stablecoin, gebunden an USD, mit 1,3 Mrd. $ im zirkulierenden Angebot über 14 Blockchain-Netzwerke. Jeder USDY ist durch Reserven des Emittenten gedeckt, mit Parität attestiert über coingecko. Die Bindung wurde in den meisten Handelsphasen innerhalb von ±1% gehalten, wobei Reservezusammensetzung und Attestierungsfrequenz die wesentlichen Inputs für sein Kreditrisikoprofil sind.
Über Ondo US Dollar Yield (USDY)
USDY is a tokenized note secured by short-term US Treasuries and bank demand deposits, bringing institutional-grade low-risk yield to the global on-chain economy.
USDY is accessible to non-US individual and institutional investors and is transferable on-chain 40-50 days after purchase. Users request to mint USDY by sending us USDC. After 40 day mint restriction is lifted it will mint USDY tokens
Emittent & Attestierung
Ondo US Dollar Yield (USDY) is issued by Ondo USDY LLC, operating under British Virgin Islands (with US registered transfer agent). Originally launched in 2023.
Reserve-Zusammensetzung
A yield-bearing tokenised note backed by short-term US Treasuries and bank demand deposits. Not available to US persons.
Bemerkenswerte Peg-Ereignisse
Among the first yield-bearing tokenised real-world-asset products to reach mainstream stablecoin tracking aggregators.
Informationen zum Emittenten stammen aus öffentlichen Offenlegungen, regulatorischen NYDFS- / BMA-Einreichungen und primären Attestierungsberichten. Vor Entscheidungen stets direkt beim Emittenten verifizieren.
Jüngste Angebotsaktivität
Ondo US Dollar Yield (USDY) supply expanded by 0 $ in the last 24 hours, expanded by 1,3 Mio. $ (+0.10%) over the past week, and expanded by 6,5 Mio. $ (+0.50%) over the past 30 days.
Steady issuance: supply has held roughly flat (0.50% over 30 days), consistent with mature stablecoin liquidity dynamics.
Supply-Verlauf
Network distribution
Ondo US Dollar Yield circulates across 14 blockchain networks. Ethereum hosts the largest share at 44.64%, followed by Plume Mainnet at 15.27%. Aptos has shown the strongest 30-day growth at +243.17%, suggesting fresh issuance or bridge inflows on that chain.
| Kette | Angebot | Anteil | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Ethereum | 587,6 Mio. $ | 44.64% | 0.00% | -21.91% |
| Plume Mainnet | 201 Mio. $ | 15.27% | 0.00% | +80.97% |
| Solana | 179,3 Mio. $ | 13.62% | -0.00% | -0.06% |
| Stellar | 123,2 Mio. $ | 9.36% | 0.00% | +5.12% |
| Aptos | 105,8 Mio. $ | 8.04% | 0.00% | +243.17% |
| Sei | 52 Mio. $ | 3.95% | +0.00% | +1.91% |
| Mantle | 29,6 Mio. $ | 2.25% | 0.00% | +0.14% |
| Sui | 17,1 Mio. $ | 1.30% | 0.00% | -2.73% |
| Noble | 7,6 Mio. $ | 0.58% | +0.00% | -0.02% |
| Osmosis | 7,2 Mio. $ | 0.55% | +0.00% | +0.01% |
| Arbitrum | 5,6 Mio. $ | 0.42% | 0.00% | -0.00% |
| Mantra | 273.192,2 $ | 0.02% | -0.11% | +0.27% |
| Injective | 593 $ | 0.00% | 0.00% | 0.00% |
| Penumbra | 477,9 $ | 0.00% | 0.00% | 0.00% |
Verlauf der Peg-Stabilität
Ondo US Dollar Yield (USDY) is designed to trade at exactly 1.00 USD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $1.1244, a +12.439% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
Wie reserve-backed-Stablecoins ihren Peg verteidigen
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Praktische Auswirkungen für Inhaber
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Vertragsadressen
Ondo US Dollar Yield (USDY) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Kette | Vertragsadresse | Verifizieren |
|---|---|---|
| Ethereum | 0x96f6ef951840721adbf46ac996b59e0235cb985c | Explorer |
Vertragsadressen stammen aus dem Stablecoin-Profil von DeFiLlama. Einige Ketten (Tron, Solana, Aptos, Sui) verwenden Nicht-EVM-Adressformate. Der „Explorer"-Link öffnet den offiziellen Blockexplorer für die jeweilige Kette; wir verlinken nicht auf Drittanbieter-Explorer, die geänderte Daten anzeigen könnten.
Ondo US Dollar Yield mit anderen fiat-backed-Stablecoins vergleichen
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside Ondo US Dollar Yield (USDY). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Angebot | Mechanismus | Ketten |
|---|---|---|---|
| Tether (USDT) | 184,1 Mrd. $ | fiat-backed | 107 |
| USD Coin (USDC) | 79,6 Mrd. $ | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | 4,5 Mrd. $ | fiat-backed | 8 |
| PayPal USD (PYUSD) | 4,1 Mrd. $ | fiat-backed | 7 |
| BlackRock USD (BUIDL) | 2,5 Mrd. $ | fiat-backed | 8 |
Über Mechanismusklassen hinweg
If you're researching USDY as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Peg-Stabilität
Chain-Verteilung
Ressourcen & Datenquellen
Ondo US Dollar Yield (USDY) is tracked across major crypto data providers. The links below open Ondo US Dollar Yield (USDY)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from coingecko. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Aktuelle Ondo US Dollar Yield-Nachrichten
Latest reporting from major crypto news outlets covering Ondo US Dollar Yield.
- The Currency Analytics
Yield-Bearing Stablecoin Supply Drops 15% in Q2 as Treasury-Backed BUIDL and USDY Gain Ground
The numbers are pretty stark. Yield-bearing stablecoin supply fell 15% in Q2 2026 — a hard drop that ended what had been a three-year run of expansion for crypto-native yield…
- Blockonomi
Inside Ondo Finance: How OUSG and USDY Tokenize US Treasuries Through Distinct Legal Frameworks
How Ondo Finance Built Institutional and Retail Access to US Treasuries Through Distinct Legal Vehicles
- Cointelegraph
Yield-bearing stablecoins surge as Washington fights over yield
Yield-bearing stablecoins are growing faster than the broader market as US lawmakers remain divided over how crypto yield should be regulated.
- Blockchain News
SEI Network Lands Ondo's USDY as Daily Active Addresses Hit 1.2M
Ondo Finance deploys tokenized U.S. Treasuries on Sei with instant DeFi integrations. Network sees record 1.2M daily active addresses ahead of v6.3 upgrade.
- Invezz
ONDO slides despite USDY launch on Sei as token unlock weighs on price
Ondo Finance (ONDO) has been in focus this week following its deployment of the USDY token on the Sei Network. The move aimed to expand access to tokenised US Treasuries and…
- Blockonomi
Ondo Finance Expands USDY to Sei Network, Enabling Global Access to Tokenized Treasuries
USDY integration brings institutional-grade yield and Treasury exposure to Sei's blockchain platform
- Blockchain News
Ondo USDY Brings $1.2B Tokenized Treasuries to Sei Network
Ondo Finance deploys USDY on Sei, marking the first permissionless tokenized Treasury product on the high-speed chain. DeFi integrations live at launch.
- Finbold
STBL selects Ondo's USDY as primary collateral to back $50m in stablecoin issuance
STBL.com, the next-generation stablecoin protocol, has announced a strategic partnership with Ondo Finance, a blockchain technology company, as per details shared with Finbold.
Verwandte Stablecoins
Stablecoins comparable to Ondo US Dollar Yield by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Andere fiat-backed Stablecoins
An USD gebundene Stablecoins
Größte Stablecoins nach Angebot
Risikohinweis
Stablecoins tragen Risiken, einschließlich De-Pegging, regulatorischer Änderungen und Gegenparteirisiken. Diversifiziere immer und führe eigene Recherchen durch.