rUSDY vs USDY
Ondo rebasing US Dollar Yield and Ondo US Dollar Yield are both treasuries tokens, so this page compares them. rUSDY is issued by Ondo USDY LLC with no published chain list. USDY is issued by Ondo USDY LLC with no published chain list. The cited pages differ on redemption, minimum size. A dash is a field the issuer page does not state. The reverse URL redirects to this alphabetical pair.
All RWA tokens · Ondo rebasing US Dollar Yield · Ondo US Dollar Yield
| Field | Ondo rebasing US Dollar Yield | Ondo US Dollar Yield |
|---|---|---|
| Ticker | rUSDY | USDY |
| Asset class | Treasuries | Treasuries |
| Issuer | Ondo USDY LLC | Ondo USDY LLC |
| Issuer jurisdiction | United States | United States |
| Regulator | rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025. | Offered under Regulation S to non-U.S. persons. Ondo USDY LLC is registered as a money services business with FinCEN. The basics page says that as of 15 Dec 2025 the note was folded into the Ondo Stocks umbrella. |
| Token type | Rebasing wrapper. Ondo says each rUSDY corresponds to USDY locked in a wrapper contract. The rUSDY price stays at $1.00 and the holder receives more tokens as the USDY reference price rises. Counting USDY and rUSDY together double-counts the wrapped tokens. | Tokenized note. Depending on the issuance date, Ondo says USDY may be secured by short-term U.S. Treasuries, shares of the iShares Short Treasury Bond ETF, or bank demand deposits. The accumulating token's price rises as yield accrues. Ondo USDY LLC's activities are limited to borrowing, issuing tokens as evidence of that debt, and allocating proceeds to U.S. Treasuries and U.S. bank demand deposits. |
| Custodian | — | — |
| Auditor | — | Smart-contract audits for Ondo Funds and USDY are published by Ondo, including Spearbit, Halborn, Code4rena, and Cyfrin reports. No fund auditor is named on those pages. |
| Chains | — | — |
| Fees | — | — |
| Redemption | Ondo says holders can convert between USDY and rUSDY on its website. USD redemption of the underlying note is the USDY path: bank wire to a non-U.S. account, or USDC through Ondo Global Markets (BVI) Limited. | Current purchases through the web app follow the Ondo Stocks terms. Ondo USDY LLC can redeem USD by bank wire only to non-U.S. bank accounts. USDC redemption is described through Ondo Global Markets (BVI) Limited. Mint and redeem on Sui, Aptos, Stellar, XRP, or Noble is via support@ondo.finance. |
| Minimum unit | The wrapper page does not state a separate rUSDY minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble. | Deposits of $100,000 or more can use a USD bank wire. Minting and redeeming on Sui, Aptos, Stellar, XRP, or Noble has a $5,000 minimum. |
| Launched | — | — |
| Website | https://ondo.finance/ | https://ondo.finance/ |
| CoinGecko id | — | — |
| Market cap | — | — |
| Supply | — | — |
Eligibility and redemption read from the issuer on 31 Oct 2026
How to buy rUSDY
The basics page says holders can convert between USDY and rUSDY on the Ondo website. It does not name an exchange for the wrapper.
The trust page requires customer due diligence on USDY investors. The wrapper page does not print a separate checklist.
Who can and cannot hold rUSDY
Ondo rebasing US Dollar Yield is issued from United States.
Regulator, as published: rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025.
rUSDY is the rebasing wrapper of USDY. The trust page limits USDY issuance and sale to non-U.S. persons under Regulation S. The basics page does not add a separate country list for the wrapper.
What redemption actually means in practice for rUSDY
The wrapper page does not state a separate rUSDY redemption minimum. The USDY page sets a $5,000 minimum to mint or redeem on Sui, Aptos, Stellar, XRP, or Noble.
Converting rUSDY back to USDY happens in the wrapper, and the basics page says that conversion is on the Ondo website. Cash redemption of the underlying note follows USDY: a US-dollar wire only to a non-U.S. bank account, or USDC through Ondo Global Markets (BVI) Limited.
The issuer does not publish an issuer fee for Ondo rebasing US Dollar Yield.
The issuer does not publish a redemption settlement time for Ondo rebasing US Dollar Yield.
The issuer does not publish a storage fee for Ondo rebasing US Dollar Yield.
Direct purchase minimum: The wrapper page does not state a separate rUSDY purchase minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble.
Reserve report: The basics page describes rUSDY as USDY locked in a wrapper contract. It does not name a reserve-report standard for the wrapper. The trust page's note on fund audits applies to Ondo products generally and does not name an auditor.
Eligibility and redemption read from the issuer on 31 Oct 2026
How to buy USDY
After onboarding, mint USDY with USDC on the Ondo web app. A deposit of $100,000 or more can also use a USD bank wire. The basics page says to contact support@ondo.finance for the wire, and that current web-app purchases follow the Ondo Stocks terms. It does not name a secondary-market exchange.
The trust page says investors undergo customer due diligence for anti-money laundering, counter-terrorist financing, and sanctions. It does not print the document list.
Who can and cannot hold USDY
Ondo US Dollar Yield is issued from United States.
Regulator, as published: Offered under Regulation S to non-U.S. persons. Ondo USDY LLC is registered as a money services business with FinCEN. The basics page says that as of 15 Dec 2025 the note was folded into the Ondo Stocks umbrella.
The trust page says Ondo USDY LLC can issue and sell USDY only to non-U.S. persons, in transactions outside the United States, under Regulation S. It does not publish a further country list. Investors must pass customer due diligence under the LLC's Bank Secrecy Act program. The basics page says that as of 15 December 2025 the note was folded into the Ondo Stocks umbrella.
What redemption actually means in practice for USDY
Minting and redeeming on Sui, Aptos, Stellar, XRP, or Noble has a $5,000 minimum. The basics page does not state a separate redemption minimum for other networks.
Ondo USDY LLC can redeem US dollars by bank wire only to a non-U.S. bank account. USDC redemption is described through Ondo Global Markets (BVI) Limited. The basics page does not name the bank or the city.
The issuer does not publish an issuer fee for Ondo US Dollar Yield.
The issuer does not publish a redemption settlement time for Ondo US Dollar Yield.
The issuer does not publish a storage fee for Ondo US Dollar Yield.
Direct purchase minimum: Mint with USDC after onboarding. Deposits of $100,000 or more can use a USD bank wire. Minting and redeeming on Sui, Aptos, Stellar, XRP, or Noble has a $5,000 minimum.
Reserve report: The trust page says periodic fund audits are shared with authorized requesting parties and does not name the fund auditor. It points to published smart-contract audits, which are code reviews. Neither page names an assurance standard for a reserve report.
Ondo rebasing US Dollar Yield sources
Questions
Yes. Both are treasuries. RWA Leads does not publish a comparison across asset classes.
Ondo rebasing US Dollar Yield: Ondo USDY LLC. Ondo US Dollar Yield: Ondo USDY LLC.
rUSDY fees: not stated. USDY fees: not stated. rUSDY redemption: Ondo says holders can convert between USDY and rUSDY on its website. USD redemption of the underlying note is the USDY path: bank wire to a non-U.S. account, or USDC through Ondo Global Markets (BVI) Limited.. USDY redemption: Current purchases through the web app follow the Ondo Stocks terms. Ondo USDY LLC can redeem USD by bank wire only to non-U.S. bank accounts. USDC redemption is described through Ondo Global Markets (BVI) Limited. Mint and redeem on Sui, Aptos, Stellar, XRP, or Noble is via support@ondo.finance..
The slugs in alphabetical order: /compare/rusdy-vs-usdy. The other order is a permanent redirect.
Ondo rebasing US Dollar Yield: The basics page says holders can convert between USDY and rUSDY on the Ondo website. It does not name an exchange for the wrapper. The trust page requires customer due diligence on USDY investors. The wrapper page does not print a separate checklist. Ondo US Dollar Yield: After onboarding, mint USDY with USDC on the Ondo web app. A deposit of $100,000 or more can also use a USD bank wire. The basics page says to contact support@ondo.finance for the wire, and that current web-app purchases follow the Ondo Stocks terms. It does not name a secondary-market exchange. The trust page says investors undergo customer due diligence for anti-money laundering, counter-terrorist financing, and sanctions. It does not print the document list.
Ondo rebasing US Dollar Yield is issued from United States. Regulator, as published: rUSDY is the rebasing wrapper of USDY. USDY itself is offered under Regulation S to non-U.S. persons. Ondo says the note was folded into Ondo Stocks as of 15 Dec 2025. rUSDY is the rebasing wrapper of USDY. The trust page limits USDY issuance and sale to non-U.S. persons under Regulation S. The basics page does not add a separate country list for the wrapper. Ondo US Dollar Yield is issued from United States. Regulator, as published: Offered under Regulation S to non-U.S. persons. Ondo USDY LLC is registered as a money services business with FinCEN. The basics page says that as of 15 Dec 2025 the note was folded into the Ondo Stocks umbrella. The trust page says Ondo USDY LLC can issue and sell USDY only to non-U.S. persons, in transactions outside the United States, under Regulation S. It does not publish a further country list. Investors must pass customer due diligence under the LLC's Bank Secrecy Act program. The basics page says that as of 15 December 2025 the note was folded into the Ondo Stocks umbrella.
Ondo rebasing US Dollar Yield: The wrapper page does not state a separate rUSDY redemption minimum. The USDY page sets a $5,000 minimum to mint or redeem on Sui, Aptos, Stellar, XRP, or Noble. Converting rUSDY back to USDY happens in the wrapper, and the basics page says that conversion is on the Ondo website. Cash redemption of the underlying note follows USDY: a US-dollar wire only to a non-U.S. bank account, or USDC through Ondo Global Markets (BVI) Limited. The issuer does not publish an issuer fee for Ondo rebasing US Dollar Yield. The issuer does not publish a redemption settlement time for Ondo rebasing US Dollar Yield. The issuer does not publish a storage fee for Ondo rebasing US Dollar Yield. Direct purchase minimum: The wrapper page does not state a separate rUSDY purchase minimum. The USDY page sets a $5,000 minimum on Sui, Aptos, Stellar, XRP, and Noble. Reserve report: The basics page describes rUSDY as USDY locked in a wrapper contract. It does not name a reserve-report standard for the wrapper. The trust page's note on fund audits applies to Ondo products generally and does not name an auditor. Ondo US Dollar Yield: Minting and redeeming on Sui, Aptos, Stellar, XRP, or Noble has a $5,000 minimum. The basics page does not state a separate redemption minimum for other networks. Ondo USDY LLC can redeem US dollars by bank wire only to a non-U.S. bank account. USDC redemption is described through Ondo Global Markets (BVI) Limited. The basics page does not name the bank or the city. The issuer does not publish an issuer fee for Ondo US Dollar Yield. The issuer does not publish a redemption settlement time for Ondo US Dollar Yield. The issuer does not publish a storage fee for Ondo US Dollar Yield. Direct purchase minimum: Mint with USDC after onboarding. Deposits of $100,000 or more can use a USD bank wire. Minting and redeeming on Sui, Aptos, Stellar, XRP, or Noble has a $5,000 minimum. Reserve report: The trust page says periodic fund audits are shared with authorized requesting parties and does not name the fund auditor. It points to published smart-contract audits, which are code reviews. Neither page names an assurance standard for a reserve report.