USDYvsYLDS
Ondo US Dollar Yield vs YLDS — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDY — Ondo US Dollar Yield
YLDS — YLDS
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 YLDS +23.0% — YLDS grew faster. YLDS held the tighter band: worst deviation 8 bps against 1422 bps.
Key differences
- USDY is roughly 3.3× larger than YLDS by USD circulation value ($2.14B vs $656.3M).
- USDY ranks #11 while YLDS ranks #18 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), YLDS holds tokenized us treasuries (sec registered).
- USDY is deployed on 15 chains — much broader coverage than YLDS's 4.
Full comparison table
| Metric | USDY | YLDS |
|---|---|---|
| USD circulation value | $2.14B | $656.3M |
| Rank (by USD value) | #11 | #18 |
| Peg | USD | USD |
| Mechanism | fiat-backed | fiat-backed |
| Backing | Tokenized US Treasuries (Ondo) | Tokenized US Treasuries (SEC registered) |
| Chains deployed | 15 | 4 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Ondo Finance | Figure Markets |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDY and YLDS?
Both track USD, so they compete for the same use cases. USDY holds tokenized us treasuries (ondo); YLDS holds tokenized us treasuries (sec registered). USDY ranks #11 by USD value and YLDS ranks #18.
Which is bigger, USDY or YLDS?
USDY is larger, with $2.14B in circulation vs $656.3M for YLDS. That's roughly 3.3× the size.
Is USDY safer than YLDS?
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 YLDS?
Yes. USDY and YLDS 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 YLDS?
The right choice depends on your use case. Consider: which chain do you need? USDY is available on 15 chains and YLDS on 4. 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.