USD-pegged · fiat-backed · #11 by USD value
Ondo US Dollar Yield (USDY) is a USD-pegged fiat-backed stablecoin, backed by tokenized us treasuries (ondo). It currently ranks #11 among tracked stablecoins by circulating supply, and is deployed across 15 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 51.5% | $1.10B |
| Stellar | 24.8% | $530.4M |
| Sei | 12.0% | $256.4M |
| Solana | 8.4% | $180.7M |
| Mantle | 1.3% | $28.6M |
| Sui | 0.7% | $14.6M |
| Aptos | 0.4% | $7.8M |
| Noble | 0.4% | $7.6M |
| Osmosis | 0.3% | $6.6M |
| Arbitrum | 0.3% | $5.6M |
| MANTRA | 0.0% | $33,558 |
| Injective | 0.0% | $594 |
Ondo US Dollar Yield (USDY) is a USD-pegged stablecoin backed by tokenized us treasuries (ondo). Its peg mechanism is fiat-backed, and it currently ranks #11 among tracked stablecoins by circulating supply.
USDY has a circulating supply of $2.14B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USDY is backed by Tokenized US Treasuries (Ondo). This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USDY is deployed across 15 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USDY shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; USDY ranks #11.
| Full Name | Ondo US Dollar Yield |
| Symbol | USDY |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Tokenized US Treasuries (Ondo) |
| Chains Deployed | 15 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |