Ondo U.S. Dollar Yield

Identity

Symbol

USDY

Token standard

ERC-20

Network

Ethereum #1

Decimals

18

Contract

0x96F6eF951840721AdBF46Ac996b59E0235CB985C

Issuer

Ondo FinanceOndo USDY LLC (issuer named in the USDY documentation)

Underlying ticker

Not provided

ISIN

Not provided

Balance semantics

Plain ERC-20 balance

Accumulating token: balance stays constant while the redemption price rises. 18 decimals.

Issuer status

active

Terms, as documented by the issuer

Holder rights

Per Ondo, USDY is a tokenized note issued by a bankruptcy-remote entity and secured by short-term US Treasuries and bank deposits. Holders are noteholders with a claim on the issuer, not owners of the Treasuries; yield is reflected through an increasing redemption price (the rebasing variant rUSDY distributes it as additional tokens instead).

Redemption

Daily subscriptions and redemptions through Ondo for eligible non-US persons. USD redemptions are wired to non-US bank accounts; USDC redemptions run through Ondo Global Markets (BVI) Limited; the documentation notes a $5,000 minimum for minting and redeeming on some networks.

Eligibility

Offered under Regulation S to non-US individuals and institutions. In jurisdictions such as the United Kingdom, Switzerland and Singapore only qualified investors or professional clients are eligible; further jurisdiction-based restrictions apply.

Transfer restrictions

Described by the issuer as freely transferable (with footnoted conditions in its materials). Confirm the current transfer terms in the offering documents before relying on them.

Fees

Not provided

Issuer documentation

https://docs.ondo.finance/general-access-products/usdy/basics

Nothing here is inferred from the token name. "Not provided" means the issuer pages we checked did not state it; it does not mean the right or restriction is absent.

Sources