A yield-bearing dollar token backed by tokenized short-term US Treasuries and bank deposits; APY resets monthly.
USDY is the accumulating form — its price rising with interest (≈$1.13) is by design, not a depeg; rUSDY is the $1 rebasing form.
About share appreciation →Yield comes from short-term Treasuries and bank deposit interest, reset monthly along the short-end curve (already down from ≈4.65% to 3.55%).
Official daily subscription/redemption; the exact settlement lag (T+) is unpublished; primary market minimum is $100K.
Backed via an SPV structure with a third-party collateral agent (Ankura Trust) — not bank deposit insurance.
Secondary DEXes are open (e.g. rUSDY–USDC on Curve), so retail can buy in.
Ondo Global Markets — daily proof of reserves plus a secured-interest structure.
Live from DeFiLlama (ondo-yield-assets pool). Data verified 15m ago.