Ondo US Dollar Yield
USDY/USDSPL- USDY is issued by Ondo Finance. Yield depends on interest rates and the issuer's terms and isn't guaranteed.
- Issuers of yield products often restrict who may hold them. Check eligibility in the issuer's terms.
- Onchain, the issuer can freeze accounts.
Signed trades are final. Not investment advice.
Issuer controls (authorities, delegate, pause) are normal for regulated tokens but let the issuer act on balances. See Risks.
About Ondo US Dollar Yield
USDY (US Dollar Yield Token) is a tokenized note designed to combine the accessibility of a stablecoin with US dollar-denominated yield.
- Underlying
- Tokenized note (US dollar yield)
Token vs. underlying
About the issuer
Ondo Finance issues tokenized real-world asset products, including tokenized notes and tokenized stocks. Per Ondo's documentation, USDY was formerly issued by Ondo USDY LLC and, as of December 15, 2025, has been folded into the Ondo Stocks umbrella.
Tokenized asset
- Token
- Ondo US Dollar Yield (USDY)
- Issuer
- Ondo Finance
- Blockchain
- Solana
- Mint address
A1KLoBrKBde8Ty9qtNQUtq3C2ortoC3u7twggz7sEto6- Token standard
- SPL Token
- Decimals
- 6
- Issuer controls
- Freeze authority. Read from the onchain mint account.
- Structure
- Tokenized note. Formerly issued by Ondo USDY LLC; as of December 15, 2025 folded into the Ondo Stocks umbrella (per Ondo's documentation).
- Backing
- Per Ondo's documentation, depending on the issuance date USDY may be secured by short-term US Treasuries, shares of the iShares Short Treasury Bond ETF, or bank demand deposits.
- Issuance & redemption
- Per Ondo, Ondo USDY LLC can only redeem USD via bank wire to non-US bank accounts. See Ondo's documentation for current redemption terms.
- Liquidity
- Deepest pool: orca · USDC · $2.91M. Total routable liquidity $3.06M.Snapshot from 2026-09-23. The platform only lists assets with at least $50k of liquidity.
- Explorer
- View on Solscan
- Verification
- Mint verified on 2026-09-23 against Ondo addresses documentation and Onchain mint account. Verification details →
Important information
- Geographic restrictions
Per Ondo, USDY is accessible to qualifying non-US individual and institutional investors.
- Market & pricing
USDY's secondary-market price on Solana is set by onchain liquidity and can differ from Ondo's published redemption price.
- Not the underlying
USDY is a token issued by a third party. Its price is set by onchain markets and is not automatically identical to the price of Tokenized note (US dollar yield).
- Execution
Swaps are routed across Solana liquidity venues for the best available price. The platform does not custody funds or act as a counterparty.
Information on this page is sourced from issuer documentation and onchain data. It is not investment, legal or tax advice. Review the issuer's terms before trading.