USDY vs USTB
Ondo US Dollar Yield and Invesco Short Duration US Government Securities Fund are both treasuries tokens, so this page compares them. USDY 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 US Dollar Yield · Invesco Short Duration US Government Securities Fund
| Field | Ondo US Dollar Yield | Invesco Short Duration US Government Securities Fund |
|---|---|---|
| Ticker | USDY | USTB |
| Asset class | Treasuries | Treasuries |
| Issuer | Ondo USDY LLC | Invesco Advisers, Inc. |
| Issuer jurisdiction | United States | United States |
| Regulator | 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. | 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 | 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. | 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 | 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. | PricewaterhouseCoopers LLP |
| Chains | — | Ethereum, Solana, Plume |
| Fees | — | Management fee at most 0.15%, as displayed on the Superstate fund page. |
| 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. | 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 | 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://superstate.com/assets/ustb |
| CoinGecko id | — | — |
| Market cap | — | — |
| Supply | — | — |
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.
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 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 US Dollar Yield: Ondo USDY LLC. Invesco Short Duration US Government Securities Fund: Invesco Advisers, Inc..
USDY fees: not stated. USTB fees: Management fee at most 0.15%, as displayed on the Superstate fund page.. 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.. 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/usdy-vs-ustb. The other order is a permanent redirect.
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. 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 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. 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 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. 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.