---
title: "Onchain Yield Coin (ONYC) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/onyc-onre/"
description: "Build-time stablecoin profile for Onchain Yield Coin (ONYC). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Onchain Yield Coin (ONYC)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Solana yield token tied to OnRe-managed structured insurance and reinsurance positions; queued, high-touch design with transparency links but limited granular composition data. ONYC expands Pharos coverage into a small but distinct RWA/NAV design: a Solana {{term:yield-bearing}}yield-bearing{{/term}} token tied to OnRe underwriting and collateral returns rather than a simple fiat cash reserve. The entry treats the product as high-touch and queued, with transparency links but limited granular composition data.

## Collateral

Tokenized exposure to OnRe-managed structured insurance and reinsurance yield products, designed to hold stable value while distributing real-world insurance-market returns through NAV appreciation

## Peg Mechanism

ONYC is a yield-bearing stable-value token rather than a fixed $1 wrapper; the token value accrues yield from OnRe's structured insurance collateral strategies, with primary-market access governed by OnRe's platform terms

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Bermuda | Bermuda Monetary Authority | IIGB and DABA licenses (Segregated Accounts Company) |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| solana | `5Y8NV33Vv7WbnLfq3zBcKSdYPrk7g2KoiQoe7M2tcxp5` | 9 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/onyc-onre.