What Ondo US Dollar Yield is designed to do
Ondo US Dollar Yield (USDY) is a fiat-backed stablecoin, currently ranked 70th by market capitalization among the assets we track. Unlike volatile crypto assets, Ondo US Dollar Yield targets a fixed value backed by off-chain reserves. Holders use it to park value, settle trades, and move money — its entire value proposition is that it does not move.
How the peg is meant to hold
Pegs are defended by market makers who profit from closing any gap to par. The strength of that defense comes down to whether the backing assets are liquid and the issuer is solvent.
Where Ondo US Dollar Yield sits in the market
At $1.14, Ondo US Dollar Yield carries a market capitalization of $712.95M. Around $1.05M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.15% of the float — on the quieter side, which can mean thinner liquidity for large orders.
What the price history shows
Recent moves read 24-hour +0.05%, 7-day +0.04%.
Volatility profile
Recent action puts Ondo US Dollar Yield in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like Ondo US Dollar Yield
The honest checklist for USDY is short:
- Reserve quality — what backs USDY — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
