Ondo US Dollar Yield
USDY
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for USDY.
AI Analysis
Comprehensive evaluation of the token
USDY (Ondo US Dollar Yield) stands out as a premier institutional-grade Real World Asset (RWA), achieving an exceptional weighted score of 8.88. The project is defined by its rigorous adherence to security and compliance, backed by a team with pedigrees from Goldman Sachs and McKinsey, and partnerships with industry giants like BlackRock. Active development is robust, evidenced by successful multi-chain integrations across non-EVM networks like Solana, Sui, and Aptos, while maintaining immaculate security standards with multiple audits from top firms such as Spearbit and Nethermind. The tokenomics are fundamentally sound, offering sustainable, non-inflationary yield derived directly from US Treasuries, effectively solving the opportunity cost issue of traditional stablecoins. While the product is highly centralized—featuring blocklist capabilities and strict Regulation S restrictions that exclude US persons—this is a necessary feature of its compliant, bankruptcy-remote legal structure. Community support is professional and institutionally driven, providing high credibility. USDY represents a superior cash-equivalent asset for non-US investors seeking low-risk yield on-chain.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Ondo US Dollar Yield (USDY)
Ondo US Dollar Yield (USDY)
Ondo US Dollar Yield (USDY) is a fully collateralized, yield-bearing USD stablecoin designed for secure on-chain dollar exposure. Built on Ethereum as an ERC-20 token, USDY offers transparent reserve backing and integrated yield distribution without compromising 1:1 USD redeemability.
Key Features
- Stablecoin Collateralization: Each USDY token is backed 1:1 by U.S. dollar deposits held in regulated trust accounts.
- Automated Yield: Accrues yield daily from institutional-grade credit and money market instruments.
- Transparent Audits: Regular third-party attestations ensure full collateral coverage and reserve transparency.
- ERC-20 Compatibility: Seamless integration with DeFi platforms, wallets, and smart contracts on Ethereum.
- Instant Redemption: On-chain redemption for USD at par value, subject to standard settlement timelines.
How It Works
- Mint: Deposit U.S. dollars or approved stablecoins to mint USDY.
- Earn: Hold USDY to automatically receive yield distributions proportionate to holdings.
- Redeem: Burn USDY tokens on-chain to redeem underlying USD with real-time proof of reserves.
Use Cases
- Treasury management for protocols and corporates
- Yield optimization in DeFi strategies
- Cross-border payments with stablecoin rails
- Liquidity provisioning on decentralized exchanges
Contract: 0x73f44ec02fb6c6f04f28df5c9a879f6753b62b9e
Type: ERC-20
Network: Ethereum
This page is for informational purposes only and does not constitute financial advice.