Ondo U.S. Dollar Yield
Yield-bearing token backed by short-term U.S. Treasuries and bank deposits.
Deployments
Supply scope: Excludes SEI, Mantle — not yet collected
0x96F6eF951840721AdBF46Ac996b59E0235CB985C
USDY:GAJMPX5NBOG6TQFPQGRABJEEB2YE7RFRLUKJDZAZGAD5GFX4J7TADAZ6
A1KLoBrKBde8Ty9qtNQUtq3C2ortoC3u7twggz7sEto6
0x35e050d3C0EC2d29D269a8EceA763a183bdf9A9D
0x54cd901491AEF397084453F4372B93C33260e2a6
0x5bE26527e817998A7206475496fDE1E68957C5A6
USDY across four dimensions
Signal readings
- Yield-claim delta
- 27 bps
- Attestations / 180d
- 0
- DEX liquidity
- $0.00
- Outstanding supply
- $4.93M
- Liquidity / supply
- 0.000%
- Top-10 holder pct
- 9.3%
USDY supply over time
Supply scope: Excludes SEI, Mantle — not yet collected
USDY · Ondo Finance
Outstanding supply (USD)
USDY outstanding supply is $1.11B as of Jul 7, 2026. +0.3% over the prior 30 days. (Excludes SEI, Mantle — not yet collected.)
USDY trust rating since coverage began
USDY · Verified Capital Trust Rating
Composite rating (0–100)
USDY rating is 88 as of Jul 7, 2026.
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.
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.
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 — 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.
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.
Resolved anomalies
Jun 11, 2026
→ Jun 11, 2026
Oracle price unchanged for 24h (value: 1135807970000000000, delta: 0.96bps).
Jun 9, 2026
→ Jun 9, 2026
Total trust score dropped 25pts (79 → 54, band: limited)
Jun 6, 2026
→ Jun 7, 2026
Total trust score dropped 15pts (66 → 51, band: rated)
May 30, 2026
→ May 30, 2026
Top-10 holder concentration rose 90.2pp (0.0% → 90.2%)
May 30, 2026
→ May 30, 2026
Total trust score dropped 23pts (81 → 58, band: moderate)
May 30, 2026
→ Jun 6, 2026
Net outflow of $325.6M (29.6% of outstanding supply)
USDY is scored across the same four dimensions as every other rated instrument — 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 →