Brief
Ondo's tokenized Treasury-backed yield product for eligible non-US users. USDY launched on BNB Chain with instant mint/redeem on August 4, 2026, then on the Tempo payments network on August 27.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Ondo: USDY live on Tempo (opens in a new tab)
Checked
- August 27 USDY launch on Tempo; eligible non-US users and businesses.
- Ondo: USDY live on BNB Chain (opens in a new tab)
Checked
- August 4 USDY deployment on BNB Chain with instant mint/redeem and bridging.
Recent activity
Latest moves on the changelog feed.
- Aug 27, 2026WIRED
USDY went live on Tempo, bringing Treasury-backed yield to its payments network. Access remains subject to non-US eligibility; broader wallet and payment integrations are still being built.
- Aug 4, 2026WIRED
Ondo launched USDY on BNB Chain with instant mint/redeem and cross-chain bridging. Treasury-backed yield is available to eligible non-US users; the launch does not establish every possible lending integration.
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
- 2026-06
- Asset classes
- Treasuries
- Token standards
- erc-20
- Regulatory
- sec-reg-s
- Jurisdiction
- Global
- Analytics
- app.rwa.xyz/assets/USDY
Milestones
How this player got here.
- Aug 2026USDY launched on Tempo for eligible non-US users
- Aug 2026USDY launched on BNB Chain with instant mint/redeem
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
