USDY

USDYUSD pegStablecoinUnverifiedPart of Ondo Finance
USDY — tracked via compiled coin integration.

Historical peg variance

Loose peg

90-day series · source: DeFi Llama

$1.0000 peg

Chain distribution

Circulating supply by chain · updated 7d ago

DeFi Llama
Ethereum978.0M USDY51.5%
Stellar465.4M USDY24.5%
Sei226.0M USDY11.9%
Solana159.3M USDY8.4%
Mantle25.2M USDY1.3%
Sui20.2M USDY1.1%
Aptos6.8M USDY0.4%
Noble6.7M USDY0.4%
Osmosis6.4M USDY0.3%
Arbitrum4.9M USDY0.3%
MANTRA29.6K USDY0.0%
Injective524 USDY0.0%
Penumbra425 USDY0.0%
Glue2 USDY0.0%

Metadata

Peg targetUSD
Sub-categoryStablecoin
Chains
Arbitrum nativeNo
LiveLive
Founded

Issuance

Backing & mint/redeem mechanics per the issuer.

DeFi Llama
Peg mechanismFiat-backed

USDY 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

Research agent