USDY – Native Cosmos issuance via Noble
USDY
Native Cosmos issuance via Noble
Ondo's US Dollar Yield Token
USDY is a tokenized note secured by short-term US Treasuries and is currently yielding 4.2% APY (rates are subject to change). USDY is accessible to non-US individual and institutional investors and is transferable onchain 40-50 days after purchase.
USDY is designed to combine the accessibility of a stablecoin with high-quality, US-dollar-denominated yield. USDY’s innovative approach incorporates robust third-party oversight, a structure that maximizes bankruptcy remoteness and a daily mint/redeem mechanism.
Facts
Issuer
Ondo USDY LLC
Total Issuance
$2,144,245,330
Issuance on Noble
$14,399,458