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Rank #209
USDY Ondo US Dollar Yield
USDY Price
$1.05788
+0.39% Market Cap
$340.65M
24H Volume
$350.26K
Circ Supply
322.02M
Ondo US Dollar Yield Info
USDY is a tokenized note backed by short-term US Treasuries and bank demand deposits, accessible to non-US individual and institutional investors. Although it can be transferred on-chain 40-50 days after purchase, there are some regulatory constraints to consider. For instance, interest is earned immediately upon deposit, but the transferable USDY tokens are minted between 40-50 days later. Additionally, redemptions to USD via bank wire are only available to non-US bank accounts.
All images, branding and wording is copyright of Ondo US Dollar Yield. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.