USDY

Ondo US Dollar Yield price
USDY
#222

$1.07  

0.71% (1d)

Ondo US Dollar Yield to USD Chart

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Ondo US Dollar Yield statistics

Market cap
$443.86M

0.60%

Volume (24h)
$739.20K

26.23%

FDV
$453.35M
Vol/Mkt Cap (24h)
0.1665%
Total supply
423.46M USDY
Max. supply
--
Circulating supply
414.60M USDY
USDY to USD converter
USDY
USD
Price performance
24h 
Low
$1.06
High
$1.07
All-time high
Mar 27, 2024 (8 months ago)
$1.12
-3.99%
All-time low
Feb 01, 2024 (10 months ago)
$0.9744
+9.88%
See historical data


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About Ondo US Dollar Yield

What is Ondo US Dollar Yield?

Ondo US Dollar Yield (USDY) is a decentralized lending protocol designed to honor transfer restrictions from permissioned tokens, thereby expanding the universe of assets it can support. This unique approach allows it to cater to a broader range of financial instruments, making it a versatile player in the blockchain ecosystem.

USDY aims to provide non-US investors with stablecoin-like accessibility while delivering high-quality, US dollar-denominated yield. This dual focus on accessibility and yield makes it an attractive option for those seeking stability and returns in the volatile world of cryptocurrencies.

The protocol leverages blockchain technology to ensure transparency and security, essential features for any financial product. By utilizing smart contracts, USDY automates and enforces the terms of lending agreements, reducing the need for intermediaries and lowering transaction costs.

Ondo Finance, the team behind USDY, has integrated various compliance measures to adhere to regulatory standards, ensuring that the protocol can support a wide array of assets without compromising on legal requirements. This compliance is crucial for attracting institutional investors who require stringent adherence to regulatory frameworks.

The decentralized nature of USDY also means that it operates without a central authority, providing users with greater control over their assets. This decentralization is a core principle of blockchain technology, aligning with the broader movement towards more democratized financial systems.

What is the technology behind Ondo US Dollar Yield?

What are the real-world applications of Ondo US Dollar Yield?

Who are the founders of Ondo US Dollar Yield?

 
 
 
 
 
 

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