Ondo US Dollar Yield

Purpose and Intended Use

USDY is a tokenized note backed by high-quality, short-term US Treasury Bills, launched by Ondo Finance. It aims to provide tokenized exposure to US Treasury yields while maintaining compliance with securities regulations.

Business Model

The token represents ownership of US Treasury Bills held in custody by qualified institutions. Holders receive daily yield accrual from the underlying Treasury Bills. The model is transparent, with clear custody arrangements and regular reporting of holdings.

Real-World Adoption

USDY launched in 2023 and has gained significant institutional adoption. It operates on multiple blockchain networks including Ethereum and Polygon, with increasing trading volume and institutional partnerships.

Platform Development

Ondo Finance maintains active development of the platform, with regular updates to smart contracts and infrastructure. The project has strong institutional backing and a professional team with experience in traditional finance.

Token Distribution and Governance

USDY tokens are minted when users deposit USD and burned when redeemed. There is no preferential token allocation to founders or early investors, as tokens purely represent ownership of underlying Treasury Bills.