USDY Ondo US Dollar Yield USD
USD-pegged · fiat-backed · #11 by USD value
Supply Over 90 Days
About Ondo US Dollar Yield
Ondo US Dollar Yield holds tokenized us treasuries (ondo) against its USDY supply, issued by Ondo Finance. Supply spans 13 chains, with Ethereum holding 52% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Chain Distribution supply by blockchain
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 51.8% | $1.11B |
| Stellar | 24.9% | $533.3M |
| Sei | 12.0% | $257.7M |
| Solana | 8.3% | $178.8M |
| Mantle | 1.4% | $29.0M |
| Sui | 0.7% | $14.3M |
| Noble | 0.4% | $7.7M |
| Osmosis | 0.3% | $6.7M |
| Arbitrum | 0.2% | $3.6M |
| Aptos | 0.1% | $2.1M |
| MANTRA | 0.0% | $33,732 |
| Injective | 0.0% | $598 |
Supply Changes
Frequently Asked Questions
What backs USDY?
USDY is backed by tokenized us treasuries (ondo). The issuer is Ondo Finance. Reserve composition is as reported by the issuer; this page does not audit it.
How is USDY different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. USDY shares the USD peg but differs in issuer, reserve composition, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | Ondo US Dollar Yield |
| Symbol | USDY |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Tokenized US Treasuries (Ondo) |
| Issuer | Ondo Finance |
| Chains Deployed | 15 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |
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