Ondo US Dollar Yield

Ondo US Dollar Yield (USDY) is a tokenized asset that represents a claim on a yield-bearing instrument backed by US dollar assets, designed to bring a dollar-denominated return to holders who can access it on-chain. It targets individuals and institutions who want exposure to dollar-denominated yield without going through traditional financial intermediaries. The token sits within the broader category of real-world assets, meaning its value is intended to be anchored to something held off-chain rather than generated purely by on-chain activity.

USDY is issued on multiple blockchains simultaneously, including Ethereum, Solana, Arbitrum, BNB Chain, Aptos, and Sui, meaning holders can interact with it across several ecosystems. The token's price is not pegged at exactly one dollar; instead it accretes value over time to reflect the yield being passed through, which is why the current price of 1.15 USD sits above one dollar. No consensus algorithm is recorded for the token itself because it is an application-layer asset that relies on the underlying consensus of whichever host blockchain it lives on.

The data stored for USDY does not include a fee stream or protocol revenue figure, so no fee-based measures can be derived from this page. The yield embedded in the token comes from the underlying off-chain assets rather than from fees collected within a smart-contract protocol. The circulating supply stands at approximately 2.04 billion tokens at point-in-time, and the stablecoin-equivalent circulating value is recorded at roughly 2.34 billion USD over the same snapshot, with that supply having grown by 4.91 percent over the trailing 30 days.