USDY

USDY | US Dollar Yield Token

Government Debt

Ondo

Status

Open

Asset Type

U.S. T-Bills

Lock-Up

Flexible

Provided by Ondo

USDY is an accumulating tokenized note whose per-token redemption price rises as yield accrues. Depending on issuance date, it may be secured by short-term U.S. Treasuries, shares of iShares Short Treasury Bond ETF, or bank demand deposits.

Overview

Investment Requirements

Min investment: 1 USD
Max investment: Not disclosed
KYC requirement: Required
Geographic availability: Persons located or residing in the prohibited jurisdictions, and entities organized there or principally based there, cannot subscribe for, acquire or redeem USDY. Brazil, EEA member states, Hong Kong, Malaysia, Singapore, Switzerland and the United Kingdom have specified investor-qualification requirements; restricted persons generally must provide evidence and certify or declare eligibility when onboarding.

Money Withdrawal

Redemption request: Required
Redemption window: Anytime

Where the Return Comes From?

Return sources: Interest
Underlying assets: U.S. T-Bills
Debtor: U.S. Government

What If the Product Does Not Pay?

Who owes you: Ondo Global Markets (BVI) LimitedBritish Virgin Islands · 2174192
Your claim: Unable to determine
Payment priority: Unable to determine

How It Works

What You Are Buying?

You acquire USDY, an accumulating tokenized note, not a U.S. Treasury or a direct right to receive one.

Product Flow

Verified informationNot fully verified

Investor (You)

Subscribes for USDY with USDC/USDT and receives USDY when the transaction is processed.

Ondo Global Markets (BVI) Limited

British Virgin Islands · 2174192

Accepts subscriptions, arranges USDY issuance through its tokenization provider, and directs the acquisition of eligible backing assets.

USDY Backing Portfolio (BVI)

Represents the disclosed USDY backing arrangement; the BVI issuer's direct holdings, account ownership and collateral allocation require confirmation.