01 /
Brief
Ondo's yield-bearing stablecoin backed by short-term US treasuries, designed as a permissionless alternative to traditional money market funds for non-US holders.
02 /
Snapshot
Key terms and identifiers.
- Asset value
- $1.99B
- Fee
- No mgmt fee (spread model)
- Custodian
- Morgan Stanley / StoneX
- Min investment
- $500
- Structure
- Tokenized note (SPV), Reg S
- Chains
- Ethereum, Solana, Arbitrum, Mantle, Sui, Aptos, Noble, MANTRA, XRP Ledger, Plume, Stellar, Sei, Polygon
- NAV frequency
- Daily (accumulating)
- Investor type
- Non-US persons
- Spec type
- fund
- As of
- 2026-05
- Asset classes
- Treasuries
- Token standards
- erc-20
- Regulatory
- sec-reg-s
- Jurisdiction
- Global
- Analytics
- app.rwa.xyz/assets/USDY
03 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
