Ondo US Dollar Yield: USDY describes itself as a widely-used token that pays holders yield and does not require special permission to use, similar to a stablecoin. Its pages make no dated promises we could check. It trades at $1.15, #44 of all coins by size, 9% below its highest ever price.
This week Nothing changed on its record.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. Biggest of 4 us treasury-backed stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin14 January 2024about about 2 yearsondo.finance, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Bybit
- Standing on the recordNo recordNo dated promise to judge yet13 headlines last month, 1 about government4,012 people keep it on a CoinGecko watchlistNo corrections needed so far
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
18 coins we checked say they are for a stable digital dollar, worth $272.87B together. #5 of 18 by worth.
US Treasury-backed Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Ondo US Dollar Yield$2.23Bthis coin+0.3%no maxnone dated
OpenEden OpenDollar$17.21M129.7× smaller, −$2.22Bno maxno record
Citrea USD$4.95M451.0× smaller, −$2.23B+0.3%, gap −0.0no maxno record
STBL USST$1.15M1946.0× smaller, −$2.23B14% outno record
US Treasury-backed Stablecoin: this coin next to OpenEden OpenDollar, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Ondo US Dollar Yield says
- USDY describes itself as a widely-used token that pays holders yield and does not require special permission to use, similar to a stablecoin.
- OpenEden OpenDollar says
- The OpenEden Open Dollar ("USDO") is a rebasing yield-bearing stablecoin issued by OpenEden Digital ("OED").
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
USDY describes itself as a widely-used token that pays holders yield and does not require special permission to use, similar to a stablecoin.
Problem it says it solves: a stable digital dollar. 27 coins we have checked say the same; together they are worth $275,379,450,817.
Where it trades: Bybit, Gate, Saphyre V2, LBank, Orca
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.26 on 26 March 2024. Today is 91% of that.
100%
of all USDY that will ever exist is already out in public hands: 1.95B coins.
0% (9 coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 1.95Bin circulation of 1.95B total. No hard maximum is set, so more can be created.
- of its all-time high of $1.26 on 26 March 2024. That is −9.3% from the top.
- #44by market cap, $2,232,392,210.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
13 headlines named this coin in the last month.
What they were about
- Price9
- Tokenization3
- Upgrade1
- Treasury1
- Ondo US Dollar Yield Price (USDY INR)
- Ondo US Dollar Yield Price (USDY INR)
- Ondo US Dollar Yield Price (USDY INR)
- Ondo US Dollar Yield Price (USDY INR)
- Ondo US Dollar Yield Price (USDY INR)
- Ondo makes major change to USDY on Aptos and Noble
- Ondo makes major change to USDY on Aptos and Noble
- Ondo US Dollar Yield Price (USDY INR)
- Ondo US Dollar Yield Price (USDY INR)
- Ondo Finance brings USDY and tokenized portfolios to LBank
- Crypto News: USDY Fund Launches on Sei Network as Ondo Finance Expands Tokenized Treasury ProductsGovernmentUpcoming
- Ondo US Dollar Yield (USDY) Price, Chart & Market Cap
- ONDO Price Rebounds as Ondo Finance Tokenized Stocks Cross $1B
13 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
USDY describes itself as a widely-used token that pays holders yield and does not require special permission to use, similar to a stablecoin.
“The world's leading permissionless yieldcoin.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in stablecoins: Synthetix 6 of 11, Cap 3 of 10, A7A5 0 of 3, Frax USD 0 of 1, and 4 more.Others in asset tokenization: Zano 51 of 69, Chiliz 3 of 15, Algorand 2 of 7, XRP 2 of 3, and 15 more.
No public code repository is listed in this record.
The project's homepage page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.