Ondo USDY: The World’s Leading Yieldcoin

What is USDY?

USDY, also known as US Dollar Yield token, is a yieldcoin, which means that it accrues yield (interest). USDY accrues yield daily, which means holders can earn yield everyday whether staking it, borrowing or lending it, pledging it as collateral, or just holding it within a wallet.  Because USDY accrues yield daily, the price of USDY increases over time. USDY is a permissionless yieldcoin that allows international, non-US, investors to get exposure to yield collateralized by short-term US Treasuries. USDY combines the global accessibility and utility of stablecoins with the investor protections, yield, and transparency of traditional institutional finance. USDY is also composable and permissionless. Neither stablecoins nor other yieldcoins offered all of these advantages.  USDY can be used across a variety of use cases including lending & borrowing, cash management, payments, and more, all while earning yield for token holders. USDY is currently live across 8 blockchains and over 70 projects. 

What are the key features of USDY?

  • Permissionless: USDY can be transferred peer-to-peer without intermediaries, as well as being used for payments.
  • Daily Yield: USDY offers daily accruing yield, providing interest on idle balances.
  • Global Access: USDY provides access to the yield and relative stability of US Treasuries
  • Composable: USDY can be used in Decentralized Finance (DeFi), letting holders earn yield while using USDY as collateral for onchain borrowing, lending, margin trading, perpetuals and more.
  • Protected: USDY is designed for bankruptcy remoteness, is backed by US Treasuries, and provides token holders the benefit of a security interest in the collateral.
  • Widely Available: USDY is available in over 100 countries and supported by the most widely used blockchains and DeFi projects globally, including Solana, Ethereum, Arbitrum, Aptos, Sui, Mantle, and Noble.

How does USDY work?

USDY is a digital dollar designed to keep its value stable while allowing users to earn passive income just by holding it. Created by Ondo Finance, USDY is fully backed by short-term U.S. Treasury bonds and cash deposits in regulated banks. These low-risk, interest-earning assets are what give USDY its value and yield.

What sets USDY apart from traditional stablecoins is its unique ability to generate daily yield. There’s no need for staking, locking, or any extra steps. As long as you keep USDY in your wallet, its value will gradually rise to reflect the interest from the underlying assets. This makes USDY a fantastic option for anyone looking for the stability of a dollar-pegged asset along with the perks of passive income.

USDY is also incredibly accessible. Investors from all over the globe, even those outside the U.S., can easily buy and hold USDY through authorized platforms. It provides a fresh way to earn yield in U.S. dollars without needing a U.S. bank account or traditional investment methods. Plus, USDY is liquid, meaning users can buy, sell, or redeem it daily without any restrictions.

In short, USDY presents a smart and secure way for users to safeguard their funds while earning daily returns, all thanks to the transparency and efficiency of blockchain technology.

USDY vs Stablecoins

How Does USDY Compare to Stablecoins?

While traditional stablecoins are primarily used to store value and facilitate transactions with minimal volatility, they typically do not generate any income. USDY, on the other hand, offers all the stability of a dollar-pegged asset plus the advantage of earning a daily yield. This makes USDY not just a stablecoin alternative but also a smart investment tool for yield-seeking users.

USDY offers daily yield creation supported by U.S. Treasury securities and cash deposits in addition to price stability, going beyond the usual use case of stablecoins.  It is an effective tool for both individual and institutional investors due to its permissionless structure, wide blockchain compatibility, and smooth integration with DeFi platforms.  USDY offers a clever, safe, and internationally accessible option whether your goal is to diversify your digital portfolio, generate passive income, or protect money.  With ICRYPEX, you can quickly get started with USDY and start using your virtual money right away.

What is Swipe Token (SXP)?
Swipe Token (SXP) is the native utility token that powers the Swipe ecosystem, a platform built to bridge the gap between cryptocurrencies and traditional finance. With Swipe, users can spend crypto as easily as fiat through crypto debit cards, digital wallets, and payment APIs. At the core of this system is the SXP token, which fuels transactions, offers staking rewards, and enables decentralized...
What Is TRON (TRX) and How Does It Work?
TRON (TRX) is a blockchain-based decentralized platform that aims to revolutionize content sharing, data ownership, and the digital entertainment industry. Initially founded by Justin Sun in 2017, TRON set out to eliminate intermediaries by allowing creators to distribute content directly to consumers via the blockchain. Over the years, it has grown into one of the leading blockchain ecosystems, boasting...
House of Representatives to Launch “Crypto Week” – Lummis’ New Bill for Crypto Tax Regulations
House of Representatives to Launch “Crypto Week” The US House of Representatives has declared the week of July 14 as “Crypto Week.” This week, the stablecoin bill GENIUS, the market structuring act for digital assets, and bills on central bank digital currencies (CBDC) will be discussed. The goal is to pass the House of Representatives and approve the stablecoin regulations, which are expected to reach...
What Is RWA in Crypto?
RWA means Real World Asset in crypto. It refers to physical or traditional financial assets made digital and available on blockchains. Imagine owning part of a building, a bond or a piece of artwork through crypto tokens. That simple step merges real-world value with DeFi innovation. These assets have become a hot topic in DeFi because they bring fresh use cases to the space. They let you access things...
Solana Staking ETF, a First in the US, Now Available for Trading - Ripple Applies for US Banking License
Solana Staking ETF, First in the US, Opens for Trading The REX-Osprey Solana + Staking ETF (SSK), developed in collaboration with REX Shares and Osprey Funds, has become the first crypto staking ETF to start trading in the US. The fund, which started trading at $ 25.47 on the Cboe exchange, offers investors both exposure to the Solana (SOL) price and the opportunity to earn staking returns on the Solana...


Create an account

Now create an account where you can use your knowledge.