Ondo U.S. Dollar Yield
Yield-bearing token backed by short-term U.S. Treasuries and bank deposits.
Deployments
Supply scope: Excludes SEI, Mantle
0x96F6eF951840721AdBF46Ac996b59E0235CB985C
USDY:GAJMPX5NBOG6TQFPQGRABJEEB2YE7RFRLUKJDZAZGAD5GFX4J7TADAZ6
A1KLoBrKBde8Ty9qtNQUtq3C2ortoC3u7twggz7sEto6
0x35e050d3C0EC2d29D269a8EceA763a183bdf9A9D
0x54cD901491AeF397084453F4372B93c33260e2A6
0x5bE26527e817998A7206475496fDE1E68957C5A6
0x960b531667636f39e85867775f52f6b1f220a058c4de786905bdf761e06a56bb::usdy::USDY
USDY across four dimensions
Holder Concentration is not published for this instrument — its holder base is too large or too widely distributed to measure to ground truth. The composite reflects the three measured dimensions, renormalized.
Signal readings
- Yield-claim delta
- 32 bps
- Attestation age
- 56 d
- Attestations / 180d
- 2
- Outstanding supply
- $3.64M
- Liquidity / supply
- 0.000%
- Top-10 holder pct
- Withheld
- Custody verification
- full independent surface
Custody & backing fields are descriptive — published, not scored
USDY supply over time
Supply scope: Excludes SEI, Mantle
USDY · Ondo Finance
Outstanding supply (USD)
USDY outstanding supply is $1.15B as of Aug 26, 2026. +3.6% over the prior 30 days. (Excludes SEI, Mantle.)
USDY trust rating since coverage began
USDY · Verified Capital Trust Rating
Composite rating (0–100)
USDY rating is 87 as of Aug 26, 2026. -5 points over the prior 30 days.
What closes the gap — and who closes it
USDY redeems through Ondo authorized channels, not DEX trading. The Liquidity rubric (DEX depth vs supply) does not apply cleanly to this instrument type.
What would close it
A liquidity rubric tailored to authorized-redemption funds — depth of authorized off-chain redemption channels rather than DEX depth.
Ondo links to daily and monthly reserve reports published by Ankura Trust (Verification Agent), but those reports have not been published at a public URL since the v1.0 methodology took effect.
What would close it
Issuer publishes a recurring USDY reserve attestation accessible without access controls.
Attestation reports published by Ankura Trust (Verification Agent). Issuer has not published these reports at a public URL since the v1.0 methodology took effect.
Options: (1) request access from Ondo/Ankura, (2) check for a public Ankura portal, (3) monitor for reports moving to IPFS or Ondo CDN.
Score impact: attestationFreshness sub-signal = 0 until access is granted or reports move to a public URL.
- ·DEFAULT_ADMIN_ROLE holder is a Gnosis Safe 4-of-7 (Safe: Singleton 1.3.0).
- ·7 owners verified via Etherscan Owners tab + getThreshold() = 4.
- ·Owners: 0x58417F57...4B1f41504, 0x189D409b...FE9457607, 0x60F030d6...e2D95FB02, 0xaA1E4eef...A4B092f8e, 0x74a4C329...4C632173D, 0x020679fF...7c1beD241, 0x6A95a204...E85594f46.
5 of 7 keyholders overlap with OUSG Safe — same Ondo keyholder set, separate Safe instance.
Score impact: governance sub-signal: 10/10 (multisig ≥3-of-n). upgrade_pattern uups adds 3/15. Total governance: 13/25.
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 33.97% of USDY supply.
Score impact: Excluded from top-10 concentration calc.
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 12.09% of USDY supply.
Score impact: Excluded from top-10 concentration calc.
SafeProxy source verified on Etherscan Contract tab. Protocol-controlled multisig holding 10.48% of USDY supply.
Score impact: Excluded from top-10 concentration calc.
SafeProxy source verified on Etherscan Contract tab — delegatecall to Gnosis singleton. Protocol-controlled multisig holding 40.82% of USDY supply.
Score impact: Excluded from top-10 concentration calc. Post-exclusion concentration drops to ~2.5% → 25/25.
USDY is scored across the same four dimensions as every other rated instrument in its class — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration. Each dimension contributes up to 25 points. The dimension breakdown above shows where the score comes from; the diligence trail shows every verified fact behind it.
Read the full methodology →