Ondo US Dollar Yield (USDY) stablecoin analytics
Answer First
What is Ondo US Dollar Yield (USDY)?
USDY is Ondo's yield-bearing dollar token, backed by short-term U.S. Treasuries and bank demand deposits; non-U.S. investor permissioned. The static profile records its US Dollar-denominated NAV accounting mechanism as: Bank wire redemption at NAV-based price with independent verification and collateral agent oversight
Is USDY safe?
Pharos does not assess USDY as safe: it holds a D Safety Score grade (41/100) in the latest published rating, which flags significant structural risk. Static metadata says Ondo US Dollar Yield uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Ankura Trust; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Ondo US Dollar Yield (USDY) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
Ondo's USDY is a yield-bearing NAV token for non-U.S. investors, and the spread of its Safety Score pillars explains its record better than the overall line, which currently reads N/A. The backing is about as clean as tokenized Treasury exposure gets on paper: Ondo's September 2026 holdings disclosure puts more than 97% in short-term U.S. Treasuries, with a small Ondo Stocks position and a trace of bank deposits, under daily NAV attestation from Ankura Trust. Yet backing is only the middle pillar on the card...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Short-term U.S. Treasuries, iShares Short Treasury Bond ETF shares, and bank demand deposits
- Peg Mechanism
- Bank wire redemption at NAV-based price with independent verification and collateral agent oversight
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Independent Attestation by Ankura Trust Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdy-ondo-finance
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDY quick answers
What is Ondo US Dollar Yield (USDY)?
USDY is Ondo's yield-bearing dollar token, backed by short-term U.S. Treasuries and bank demand deposits; non-U.S. investor permissioned. The static profile records its US Dollar-denominated NAV accounting mechanism as: Bank wire redemption at NAV-based price with independent verification and collateral agent oversight
Is USDY safe?
Pharos does not assess USDY as safe: it holds a D Safety Score grade (41/100) in the latest published rating, which flags significant structural risk. Static metadata says Ondo US Dollar Yield uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Ankura Trust; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDY?
Pharos classifies USDY backing as Real-World Asset Backed. Collateral, per the static profile: Short-term U.S. Treasuries, iShares Short Treasury Bond ETF shares, and bank demand deposits Reserve evidence: Independent Attestation from Ankura Trust.
Can USDY be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDY, when applicable, appear in the dossier below.
