Ondo US Dollar Yield USDY
Sui token · top pool on Cetus
Also listed in our main rankings: Ondo US Dollar Yield coin page (#49)
- Market cap
- $18.45M
- Fully diluted value
- $18.45M
- Liquidity
- $1.79M
- 24h volume
- $12.51K
- 24h trades
- 1,254
- Pools
- 4
- Age
- 24mo
- Chain
- Sui
About Ondo US Dollar Yield
Ondo US Dollar Yield (USDY) is a tokenized note issued by Ondo Finance and backed by short-term US Treasuries and bank deposits. It is designed for non-US individuals and institutions who want dollar-based yield on a blockchain.
Unlike regular stablecoins, which keep a fixed value of one dollar, USDY's price rises slowly over time as it earns interest from the underlying assets. Holders can transfer it, use it in DeFi apps and redeem it through Ondo, subject to eligibility and waiting periods.
USDY is available on several blockchains, including Ethereum, Solana and others. It is one of the larger tokenized Treasury products and is part of the wider move to bring traditional financial assets on-chain.
Contract
Sui: 0x960b531667636f39e85867775f52f6b1f220a058c4de786905bdf761e06a56bb::usdy::usdy
Always check the contract address before buying; copycat tokens often reuse the same name and ticker.