Treasuries · rUSDY
Ondo rebasing US Dollar Yield
Ondo rebasing US Dollar Yield (rUSDY) is a treasuries token issued by Ondo USDY LLC, United States. 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. No custodian is named for Ondo rebasing US Dollar Yield. No auditor is named for Ondo rebasing US Dollar Yield. No chain list is published for Ondo rebasing US Dollar Yield on the pages checked. No fee figure is on the cited pages for Ondo rebasing US Dollar Yield. Redemption, as published: 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. Minimum size: 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. Regulator or eligibility, 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. These structure fields were read from the issuer sources on 27 Oct 2026. Market cap stays blank unless this slug already has a CoinGecko id in the database. The nightly job is the only refresh.
Structure checked 27 Oct 2026
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.
A dash means the public record we checked does not say. It is not zero, and it is not a guess.
- Name
- Ondo rebasing US Dollar Yielddocs.ondo.finance/usdy
- Ticker
- rUSDYdocs.ondo.finance/usdy
- Asset class
- Treasuriesdocs.ondo.finance/usdy
- Issuer
- Ondo USDY LLCdocs.ondo.finance/trust-and-securitydocs.ondo.finance/usdy
- Issuer jurisdiction
- United Statesdocs.ondo.finance/trust-and-security
- 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.docs.ondo.finance/usdydocs.ondo.finance/trust-and-security
- 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.docs.ondo.finance/usdy
- Custodian
- —
- Auditor
- —
- 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.docs.ondo.finance/usdy
- 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.docs.ondo.finance/usdy
- Launched
- —
- Website
- https://ondo.finance/docs.ondo.finance/usdy
- CoinGecko id
- —
- Market cap
- —
- Supply
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Sources
Comparables
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| Deal | Class | Issuer | Chains | Market cap | Supply |
|---|---|---|---|---|---|
| BlackRock USD Institutional Digital Liquidity Fund BUIDL | Treasuries | BlackRock USD Institutional Digital Liquidity Fund Ltd. | Aptos, Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Optimism, Polygon, Solana | — | — |
| Franklin OnChain U.S. Government Money Fund BENJI | Treasuries | Franklin Templeton Trust | Stellar, Polygon, Arbitrum, Avalanche, Aptos, Ethereum, Base, Solana, BNB Smart Chain | — | — |
| Invesco Short Duration US Government Securities Fund USTB | Treasuries | Invesco Advisers, Inc. | Ethereum, Solana, Plume | — | — |
| Janus Henderson Anemoy Treasury Fund JTRSY | Treasuries | Anemoy | Ethereum, Base, Arbitrum | — | — |
| Ondo Short-Term US Government Treasuries OUSG | Treasuries | Ondo I LP | — | — | — |
| Ondo US Dollar Yield USDY | Treasuries | Ondo USDY LLC | — | — | — |
| OpenEden TBILL TBILL | Treasuries | — | — | — | — |
| USYC USYC | Treasuries | Circle International Bermuda Limited, token administrator for Hashnote International Short Duration Yield Fund Ltd. | Arc, BNB, Canton, Ethereum, NEAR, Solana | — | — |
| WisdomTree 3-7 Year Treasury Digital Fund WTTSX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree 7-10 Year Treasury Digital Fund WTSTX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree Floating Rate Treasury Digital Fund FLTTX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree Long Term Treasury Digital Fund WTLGX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree Short-Term Treasury Digital Fund WTSYX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree TIPS Digital Fund TIPSX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
| WisdomTree Treasury Money Market Digital Fund WTGXX | Treasuries | WisdomTree Transfers, Inc. | Arbitrum, Avalanche, Base, Ethereum, Optimism | — | — |
Questions
Ondo rebasing US Dollar Yield is issued by Ondo USDY LLC (United States).
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.
No custodian is named on the issuer pages cited for Ondo rebasing US Dollar Yield.
No fee figure is published for Ondo rebasing US Dollar Yield. 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. Minimum: 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.
The cited pages do not publish a chain list for Ondo rebasing US Dollar Yield.
The structure fields were read from the issuer sources on 27 Oct 2026. A later market-cap figure, when one exists, comes from the nightly CoinGecko job and is separate from that date.
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 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.
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.