What is USDY and where does the yield come from?

USDY (US Dollar Yield) is a yield-bearing stablecoin issued by ONDO Finance. 1 USDY ≈ $1 USD, automatically accumulating yield of ~5% APR. The yield source: ONDO receives USD from investors → buys short-term US Treasury Bills (lowest risk globally) → T-Bill interest (~5.25% APR) is returned to USDY holders after ONDO deducts its fee (~0.25%). Unlike USDT/USDC (0% yield), USDY allows you to earn passive income simply by holding it.

Relatively safe but carries risks: (1) Safety: 100%+ backed by US Treasuries — the world's safest asset; periodic audits; regulated entity; bankruptcy-remote SPV; (2) Risks: smart contract bugs, potential legal issues for ONDO, yield dependent on Fed rate (if Fed cuts rates → yield drops), no FDIC insurance. Compared to Vietnamese bank deposits: higher yield (5% vs 3-4%), but no deposit insurance and requires self-managing crypto wallets.

How to buy USDY for Vietnamese investors?

There are 2 ways: (1) Directly from ONDO — mint USDY with USDC, requires KYC, minimum $500, withdrawal in 1-3 days; (2) Via DEX — buy USDY on Uniswap, Curve, or Jupiter (Solana) with USDC/USDT, no KYC needed, minimum $1, instant receipt. Method 2 is more common for Vietnamese investors: buy USDT on Binance P2P with VND → bridge to Ethereum/Arbitrum → swap USDT → USDY on Uniswap.

How does USDY compare to Vietnamese bank savings?

USDY yield ~5% APR vs Vietnamese banks ~3-4% (12-month term, 2026). USDY advantages: higher yield, withdraw anytime (no lock-up period), global access, usable in DeFi. Disadvantages: no deposit insurance, requires crypto/wallet knowledge, smart contract risk, yield fluctuates with Fed rate. Suitable for: crypto-savvy users wanting to park stablecoins and earn yield. Not suitable: crypto beginners or those wanting absolute safety.

ONDO Finance USDY Tokenized Treasury 2026

Q: What is ONDO Finance?

ONDO Finance is a leading RWA protocol specializing in tokenizing U.S. Treasury bills (US Treasuries) on blockchain. Its main products: USDY — a yield-bearing stablecoin paying ~5% APR from T-Bills, and OUSG — a tokenized short-term US Treasury fund. ONDO TVL: $800M+ (Q1/2026), ONDO token market cap: $2B+. Backed by Pantera Capital, Coinbase Ventures, and Tiger Global.

ONDO Finance & USDY: Tokenized U.S. Treasury Bills on Blockchain — Is It Worth Investing?

Cập nhật: 8 tháng 5, 2026

What is ONDO Finance? Analysis of USDY — a yield-bearing stablecoin paying 5% APR from U.S. Treasury bills. How to buy it, comparison with Vietnamese bank deposits, risks, and opportunities for Vietnamese investors.

DauTuTaiSanMaHoa2026-04-17T00:00:00.000Z8 phút đọc1,315 lượt xem

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ONDO Finance & USDY: Tokenized U.S. Treasury Bills on Blockchain — Is It Worth Investing?

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ONDO Finance & USDY: Tokenized U.S. Treasury Bills on Blockchain — Is It Worth Investing?

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