USDYvsUSDGO
Ondo US Dollar Yield vs USDGO — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDY — Ondo US Dollar Yield
USDGO — USDGO
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDY supply moved -0.9% and USDGO +33.1% — USDGO grew faster. USDGO held the tighter band: worst deviation 2 bps against 1422 bps.
Key differences
- USDY is roughly 1.9× larger than USDGO by USD circulation value ($2.14B vs $1.14B).
- USDY ranks #11 while USDGO ranks #16 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), USDGO holds usd reserves.
- USDY is deployed on 15 chains — much broader coverage than USDGO's 1.
- Primary chain differs — most USDY supply lives on Ethereum, while most USDGO supply is on Solana.
Full comparison table
| Metric | USDY | USDGO |
|---|---|---|
| USD circulation value | $2.14B | $1.14B |
| Rank (by USD value) | #11 | #16 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Tokenized US Treasuries (Ondo) | USD reserves |
| Chains deployed | 15 | 1 |
| Primary chain | Ethereum | Solana |
| Issuer | Ondo Finance | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDY and USDGO?
Both track USD, so they compete for the same use cases. USDY holds tokenized us treasuries (ondo); USDGO holds usd reserves. USDY ranks #11 by USD value and USDGO ranks #16.
Which is bigger, USDY or USDGO?
USDY is larger, with $2.14B in circulation vs $1.14B for USDGO. That's roughly 1.9× the size.
Is USDY safer than USDGO?
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 USDGO?
Yes. USDY and USDGO 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 USDGO?
The right choice depends on your use case. Consider: which chain do you need? USDY is available on 15 chains and USDGO on 1. 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.