Ondo US Dollar Yield (USDY) is a tokenized note backed by short-term US Treasuries and bank demand deposits. More
| Fully Diluted Valuation | $681.76M |
|---|---|
| 24H Trading Volume | $3.94M |
| 24H Low / High | $1.07 / $ 1.10 |
| Circulating Supply | 624.02M |
| Total Supply | 624.98M |
| Max Supply | ∞ |
| Categories | Fiat-backed Stablecoin 10 more |
|---|---|
| Founder | Nathan Allman |
| Website | ondo.finance |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 9 more |
| Explorer | Mintscan 9 more |
| Contracts |
0x96f....b985c
9 more
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| Name | Pair | OG Score |
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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, Osmosis, Cetus, Agni Finance, Orca
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