USDYvsUSD0
Ondo US Dollar Yield vs Usual USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDY — Ondo US Dollar Yield
USD0 — Usual USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Supply moved almost identically over the last 30 days: USDY -0.9%, USD0 -0.3%. USD0 held the tighter band: worst deviation 18 bps against 1422 bps.
Key differences
- USDY is roughly 3.9× larger than USD0 by USD circulation value ($2.14B vs $550.8M).
- USDY ranks #11 while USD0 ranks #19 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are fiat-backed stablecoins, so the mechanism is not what separates them.
- Reserves differ — USDY holds tokenized us treasuries (ondo), USD0 holds tokenized us treasuries (usual).
- USDY is deployed on 15 chains — much broader coverage than USD0's 2.
Full comparison table
| Metric | USDY | USD0 |
|---|---|---|
| USD circulation value | $2.14B | $550.8M |
| Rank (by USD value) | #11 | #19 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Tokenized US Treasuries (Ondo) | Tokenized US Treasuries (Usual) |
| Chains deployed | 15 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Ondo Finance | Usual |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDY and USD0?
Both track USD, so they compete for the same use cases. USDY holds tokenized us treasuries (ondo); USD0 holds tokenized us treasuries (usual). USDY ranks #11 by USD value and USD0 ranks #19.
Which is bigger, USDY or USD0?
USDY is larger, with $2.14B in circulation vs $550.8M for USD0. That's roughly 3.9× the size.
Is USDY safer than USD0?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a fiat-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDY and USD0?
Yes. USDY and USD0 both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose USDY or USD0?
The right choice depends on your use case. Consider: which chain do you need? USDY is available on 15 chains and USD0 on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.