Ondo US Dollar Yield USDY
Rank #49$1.15▼ +0.08%(24h)▲ +0.04%(7d)
24h Low $1.1424h High $1.15
Market Cap
$2.28B
24h Volume
$793.32K
Circulating
1.99B USDY
All-Time High
$1.26
Ondo US Dollar Yield Price Chart
Range: $1.14 — $1.15
July 19, 2026October 10, 2026
Key Metrics
Market Cap
$2.28B
Volume (24h)
$793.32K
Circulating Supply
1.99B USDY
Max Supply
N/A
Ondo US Dollar Yield Converter
Ondo US Dollar Yield Converter
USDY
$USD
1 USDY = $1.15
Ondo US Dollar Yield Historical Data
| All-Time High | $1.26 (March 27, 2024) |
| All-Time Low | $0.934184 (January 14, 2024) |
Where to Buy Ondo US Dollar Yield
About Ondo US Dollar Yield (USDY)
What is Ondo US Dollar Yield (USDY)?
USDY is a tokenized note issued by Ondo Finance, representing a claim on a pool of short-term US Treasuries and bank demand deposits. It belongs to the tokenized Treasuries and yield-bearing stablecoin category, distinct from non-yielding fiat stablecoins such as USDT or USDC. Instead of paying holders through periodic distributions, USDY is designed to accrue value directly into its own price as the underlying collateral earns interest.
USDY price today and how the yield mechanism works
USDY trades at $1.15, ranking #44 by market capitalization at roughly $2.23 billion, with circulating and total supply both near 1.95 billion tokens and no fixed max supply since new notes mint as demand grows. Daily volume of about $4.1 million is thin relative to market cap, consistent with a holding instrument rather than an actively traded token. The token's all-time high of $1.26 was set on March 26, 2024, above the current price. Mechanically, proceeds behind USDY sit in short-duration Treasuries and overnight bank deposits held by a dedicated Ondo entity, and access to primary minting or redemption excludes US persons under the product's securities-exempt structuring, though secondary transfer is broader and is why the token circulates on more than a dozen chains, including Ethereum, Solana, Aptos, Sui, Arbitrum, BNB Chain, Mantle, Sei, Plume, Stellar, Noble, Osmosis, and Mantra.
USDY vs other tokenized Treasury products
- Non-yielding stablecoins (USDT, USDC): built for payments and trading pairs, without passing Treasury interest to holders.
- Institutional tokenized funds (BlackRock's BUIDL, Franklin Templeton's BENJI): typically restricted to accredited or institutional buyers with higher minimums than USDY's non-US retail access.
- Ondo's own OUSG: a companion product aimed at institutional and accredited investors, versus USDY's broader distribution across retail-facing chains and DeFi venues.
- Other short-duration Treasury note issuers, competing mainly on chain coverage, redemption speed, and custody transparency rather than on the underlying collateral itself.
Risks and how to buy USDY
- Counterparty and custody risk in the entity holding the underlying Treasuries and deposits.
- Regulatory risk, since tokenized notes of this kind operate under evolving securities frameworks that vary by jurisdiction.
Technical data
- Network
- ethereum
- Website
- ondo.finance
- Whitepaper
- PDF ↗
- Contract
- 0x96f6ef951840721adbf46ac996b59e0235cb985c
FAQ
What is Ondo US Dollar Yield (USDY)?
Ondo US Dollar Yield is a cryptocurrency traded under the ticker USDY. It currently ranks #49 by market capitalization, with a total market value of approximately $2.28B. On this page you can view its live price, charts, 24-hour performance, and key supply metrics.
How is the Ondo US Dollar Yield price determined?
Ondo US Dollar Yield's price is set by supply and demand across global cryptocurrency exchanges. Live quotes are aggregated from hundreds of trading pairs and reflect market sentiment, trading volume, on-chain activity, liquidity, and macroeconomic conditions. The current price is $1.15.
How has Ondo US Dollar Yield performed recently?
Over the past 24 hours, Ondo US Dollar Yield is down +0.08%. Over the past 7 days it has gained +0.04%. You can review the full price history and select different time ranges using the chart above.
What is Ondo US Dollar Yield's maximum supply?
Ondo US Dollar Yield does not have a fixed maximum supply. Approximately 1.99B USDY are currently in circulation, and new coins may continue to be issued depending on the protocol's emission schedule.
What is Ondo US Dollar Yield's all-time high price?
Ondo US Dollar Yield reached its all-time high of $1.26. The all-time high represents the peak market price the asset has ever traded at across major exchanges. Historical peaks are useful reference points when evaluating long-term price action and drawdowns.
Where can I buy Ondo US Dollar Yield?
Ondo US Dollar Yield is available on most major cryptocurrency exchanges. Look for the USDY/USD or USDY/USDT pair. See the "Where to Buy" table above for live trading venues, or browse our curated list of top-rated exchanges for the safest and most liquid options.
Is Ondo US Dollar Yield a good investment?
No cryptocurrency can be guaranteed to rise in value. Ondo US Dollar Yield has advantages such as a transparent supply schedule and public market data, but it also carries high volatility, regulatory risk, and liquidity risk. Always do your own research, consider your risk tolerance, and never invest more than you can afford to lose.
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