rUSDY vs USTB
Ondo rebasing US Dollar Yield and Invesco Short Duration US Government Securities Fund are both treasuries tokens, so this page compares them. rUSDY is issued by Ondo USDY LLC with no published chain list. USTB is issued by Invesco Advisers, Inc. on Ethereum, Solana, Plume. The cited pages differ on issuer, custodian, fees, redemption, minimum size, chains. 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 · Invesco Short Duration US Government Securities Fund
| Field | Ondo rebasing US Dollar Yield | Invesco Short Duration US Government Securities Fund |
|---|---|---|
| Ticker | rUSDY | USTB |
| Asset class | Treasuries | Treasuries |
| Issuer | Ondo USDY LLC | Invesco Advisers, Inc. |
| 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 to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent. |
| 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. | Ownership is represented by the USTB token or by book-entry shares. The fund gives access to short-duration U.S. Treasury bills. Its stated objective is current income consistent with liquidity and stability of principal. Interest accrues in real time on subscription. |
| Custodian | — | The Bank of New York Mellon |
| Auditor | — | PricewaterhouseCoopers LLP |
| Chains | — | Ethereum, Solana, Plume |
| Fees | — | Management fee at most 0.15%, as displayed on the Superstate fund page. |
| 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. | Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens. |
| 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. | — |
| Launched | — | — |
| Website | https://ondo.finance/ | https://superstate.com/assets/ustb |
| 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.
How to buy USTB
The cited catalog does not include an official how-to-buy path for Invesco Short Duration US Government Securities Fund.
Who can and cannot hold USTB
Invesco Short Duration US Government Securities Fund is issued from United States.
Regulator, as published: Offered to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent.
The cited catalog does not include a restricted-holder statement for Invesco Short Duration US Government Securities Fund.
What redemption actually means in practice for USTB
Redemption, as published: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens.
The issuer does not publish a minimum size for Invesco Short Duration US Government Securities Fund.
Fees, as published: Management fee at most 0.15%, as displayed on the Superstate fund page.
Ondo rebasing US Dollar Yield sources
Invesco Short Duration US Government Securities Fund sources
Questions
Yes. Both are treasuries. RWA Leads does not publish a comparison across asset classes.
Ondo rebasing US Dollar Yield: Ondo USDY LLC. Invesco Short Duration US Government Securities Fund: Invesco Advisers, Inc..
rUSDY fees: not stated. USTB fees: Management fee at most 0.15%, as displayed on the Superstate fund page.. 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.. USTB redemption: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens..
The slugs in alphabetical order: /compare/rusdy-vs-ustb. 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. Invesco Short Duration US Government Securities Fund: The cited catalog does not include an official how-to-buy path for Invesco Short Duration US Government Securities Fund.
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. Invesco Short Duration US Government Securities Fund is issued from United States. Regulator, as published: Offered to accredited investors and qualified purchasers. The fund is a series of a Delaware statutory trust. CUSIP 86851T204. Superstate Services LLC is the transfer agent. The cited catalog does not include a restricted-holder statement for Invesco Short Duration US Government Securities Fund.
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. Invesco Short Duration US Government Securities Fund: Redemption, as published: Subscriptions and redemptions use USD or USDC, with liquidity each market day. USDC is immediate. USD subscriptions cut off at 5:00 pm ET and USD redemptions at 1:00 pm ET. Investors can also hold book-entry shares and convert them to tokens. The issuer does not publish a minimum size for Invesco Short Duration US Government Securities Fund. Fees, as published: Management fee at most 0.15%, as displayed on the Superstate fund page.