How to Buy Ondo US Dollar Yield (USDY)
If you're looking to get exposure to US Treasury yields through a tokenized, blockchain-native asset, Ondo US Dollar Yield (USDY) is worth understanding. USDY is a yield-bearing stablecoin backed by US Treasuries, designed to bring real-world financial returns on-chain. You can currently buy USDY on Bybit, making it more accessible than ever. You're in the right place — here's everything you need to know to get started.
Buy USDY on Bybit →| Coin | Ondo US Dollar Yield (USDY) |
| Network | Ethereum |
| Available On | ✗ Binance ✓ Bybit ✗ Gate.io ✗ MEXC |
| Website | ondo.finance |
How to Buy Ondo US Dollar Yield — Step by Step
Buy USDY on Bybit
Check the market
Confirm the exact token, network and trading pair. Check that the exchange serves your country before registering.
Secure your account
Follow the exchange’s identity checks and enable two-factor authentication. Requirements vary by location and account.
Choose a funding method
Review the available payment methods and their costs. For crypto deposits, match the receiving network and address exactly.
Review your order
Check the live order book, order type, price and fees before submitting. A market order can fill at different prices; a limit order may not fill.
What Is Ondo US Dollar Yield?
Ondo US Dollar Yield (USDY) is a tokenized financial product issued by Ondo Finance that aims to give everyday crypto users access to yield generated by short-term US Treasuries and bank deposits. Unlike traditional stablecoins that simply maintain a $1 peg without passing any returns to holders, USDY is designed to accrue value over time, reflecting the interest earned on its underlying assets. In simple terms, it's a yield-bearing stablecoin — your holdings are meant to grow in value as the underlying Treasuries generate returns, rather than sitting idle. What makes USDY stand out in a crowded stablecoin market is its focus on bringing institutional-grade, real-world assets (RWAs) onto public blockchains. It operates across multiple ecosystems including Ethereum, Solana, Arbitrum, Aptos, Sui, and several others, giving it broad cross-chain reach. This multi-chain presence means developers and users across different networks can integrate or hold USDY without being locked into a single ecosystem. The core problem USDY solves is straightforward: most stablecoin holders earn nothing on their dollar-pegged assets. USDY addresses this by tokenizing the yield from US government-backed securities and making it accessible on-chain, bridging traditional finance and decentralized finance in a tangible, practical way.
Best Exchanges to Buy USDY — Fee Comparison
| Exchange | Maker | Taker | Card | Signup Bonus | |
|---|---|---|---|---|---|
| Bybit | 0.10% | 0.10% | 2.0% | Up to $30,000 USDT + 30% fee rebate | Visit → |
Frequently Asked Questions
What is Ondo US Dollar Yield and how does it work?
Ondo US Dollar Yield (USDY) is a tokenized, yield-bearing stablecoin issued by Ondo Finance and backed by short-term US Treasuries and bank deposits. Unlike a regular stablecoin that just holds its $1 value, USDY is designed to gradually increase in value as the underlying assets generate interest. It operates across multiple blockchains, including Ethereum, Solana, and Arbitrum, making it accessible to users across the broader crypto ecosystem. Essentially, it's a way to hold a dollar-denominated asset on-chain while still earning a yield similar to what you'd see from US government securities.
Where is the best place to buy USDY?
Bybit is currently one of the primary exchanges where you can buy USDY. Bybit is known for its competitive trading fees, intuitive interface, and strong liquidity, making it a solid choice for both beginners and more experienced traders. It's worth creating an account there if you don't already have one, as it covers a wide range of assets beyond just USDY.
Is Ondo US Dollar Yield a good investment?
USDY occupies an interesting position in the market as a yield-bearing stablecoin backed by US Treasuries, which gives it a more conservative risk profile compared to many crypto assets. That said, it's not without risk — smart contract vulnerabilities, regulatory changes around tokenized real-world assets, and shifts in interest rate environments could all impact how it performs. The real-world asset tokenization sector is still evolving, and while the fundamentals behind USDY are grounded in traditional finance, the crypto layer introduces its own uncertainties. As always, do your own research and consider your personal financial situation before making any decisions.
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