DescriptionUSDY is a tokenized note secured by short-term US Treasuries and bank demand deposits, bringing institutional-grade low-risk yield to the global on-chain economy.
Category:fiat-backed
Minting and RedemptionUSDY is accessible to non-US individual and institutional investors and is transferable on-chain 40-50 days after purchase. Users request to mint USDY by sending us USDC. After 40 day mint restriction is lifted it will mint USDY tokens
Ondo US Dollar Yield (USDY)