Ondo US Dollar Yield
USDY Price
Ondo US Dollar Yield (USDY) is a tokenized note backed by short-term US Treasuries and bank demand deposits. More
| Fully Diluted Valuation | $678.59M |
|---|---|
| 24H Trading Volume | $1.15M |
| 24H Low / High | $1.08 / $ 1.09 |
| Circulating Supply | 581.38 M |
| Total Supply | 627.87 M |
| Max Supply | 0.00 |
| Categories | Fiat-backed Stablecoin 10 more |
|---|---|
| Founder | Nathan Allman |
| Website | ondo.finance |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 8 more |
| Explorer | Mintscan 9 more |
| Contracts |
0x96f....b985c
8 more
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| Name | Pair | OG Score |
|---|
In the world of decentralized finance (DeFi), Ondo has introduced USDY (US Dollar Yield Token), a tokenized note that is secured by short-term US Treasuries and bank demand deposits. This financial innovation is designed to provide both non-US individual and institutional investors with the unique combination of accessibility found in stablecoins and the allure of high-quality, US dollar-denominated yield.
1. Accessibility for Global Investors:
One of the key features of USDY is its accessibility to non-US investors. Ondo has successfully crafted a financial instrument that transcends geographical boundaries, allowing a diverse range of individual and institutional investors to participate in the US dollar yield market.
2. Trading on Decentralized Exchanges:
To facilitate the trading of USDY tokens, Ondo has strategically partnered with decentralized exchanges. Among the most popular options is Butter.xyz, providing a seamless and secure platform for users to buy and trade Ondo's US Dollar Yield. Additionally, other decentralized exchanges such as Orca and Agni Finance offer alternative avenues for investors to engage in USDY transactions.
3. Top Cryptocurrency Exchanges:
For those seeking to explore Ondo US Dollar Yield on traditional cryptocurrency exchanges, several reputable platforms are currently supporting the token. Notable among them are Bybit, Uniswap v3 (Ethereum), Orca, Jupiter, and Helix. These exchanges provide a familiar environment for users to trade USDY alongside other prominent digital assets.
4. Ondo's Vision:
Ondo is not merely introducing a new financial instrument; it is envisioning and actively working towards building the next generation of financial infrastructure. The company's vision revolves around enhancing market efficiency, transparency, and accessibility. By leveraging blockchain technology and DeFi principles, Ondo aims to redefine how financial services are delivered and consumed.
In conclusion, Ondo's USDY token represents a significant stride towards a more inclusive and efficient financial ecosystem. As the world embraces the possibilities presented by decentralized finance, Ondo's commitment to accessibility and innovation positions it as a key player in shaping the future of global finance. Investors looking for a blend of stability, accessibility, and yield may find Ondo's USDY to be a compelling addition to their portfolio in the evolving landscape of digital assets.
Ondo envisions building the next generation of financial infrastructure to enhance market efficiency, transparency, and accessibility.
Ondo USDY stands out for offering a tokenized note secured by short-term US Treasuries and bank demand deposits, combining the accessibility of a stablecoin with high-quality, US dollar-denominated yield.
Ondo Finance founder and CEO is Nathan Allman.
Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
Bybit, Cetus, Osmosis, Agni FinanceOrca
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Ondo US Dollar Yield (USDY) is ($581,379,004), max supply of Ondo US Dollar Yield USDY is ($0) and the market cap of Ondo US Dollar Yield USDY is ($628,346,331).
What is the Ondo US Dollar Yield (USDY) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Ondo US Dollar Yield (USDY) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Ondo US Dollar Yield (USDY) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Ondo US Dollar Yield USDY) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Ondo US Dollar Yield (USDY) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Ondo US Dollar Yield (USDY) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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