The USDY stablecoin is an innovative stablecoin product launched by Ondo Finance, aimed at providing cryptocurrency investors with stable returns while also bridging the gap between TradFi and the Web3 world. As a core component of Ondo Finance’s stablecoin solution, the USDY token employs a unique design concept that combines the returns of U.S. short-term Treasury bonds with blockchain technology, offering users an unprecedented investment experience.
The underlying asset of USDY consists of high-quality U.S. short-term government bonds, which not only ensures the stability of its value but also provides continuous returns for holders. Unlike traditional stablecoins, the value of USDY is not pegged to the U.S. dollar at a 1:1 ratio; instead, it grows with the appreciation of the underlying assets. This design makes USDY a cryptocurrency asset that combines stability and appreciation potential, particularly suitable for investors seeking low-risk, stable returns.
In terms of technical implementation, Ondo Finance employs advanced smart contracts and a decentralized validator network (DVN) to ensure the security and transparency of USDY. Through these technologies, users can view the underlying asset composition and value changes of USDY in real-time, significantly enhancing the product’s credibility. Additionally, Ondo has partnered with several well-known cryptocurrency exchanges and DeFi platforms to provide ample liquidity and diversified application scenarios for USDY.
As one of the world’s leading cryptocurrency exchanges, Gate’s listing of the USDY token is undoubtedly a significant recognition of Ondo Finance’s stablecoin solution. This move not only brings a broader user base to USDY but also provides Gate users with a unique investment option. Gate is known for its stringent listing standards and high-quality user experience, and the successful launch of USDY fully demonstrates its product quality and market potential.
For investors, purchasing and trading USDY on the Gate exchange has become exceptionally convenient. Users can directly exchange USDY using mainstream stablecoins like USDT, or use USDY as a new trading pair for other cryptocurrencies. This flexibility greatly enhances the utility and liquidity of USDY. In addition, Gate also provides professional market analysis and trading data for USDY, helping investors better understand and seize investment opportunities with USDY.
It is worth mentioning that Gate Exchange has launched a series of promotional activities to celebrate the launch of USDY, includingtrading miningAirdrop rewards, etc., will undoubtedly further stimulate the market demand and trading volume of USDY. For those users who missed early investment opportunities, this is an excellent entry point.
The innovation of USDY lies not only in its stablecoin properties but also in its successful combination of traditional financial assets with blockchain technology. By introducing U.S. Treasury bonds, a globally recognized low-risk asset, into the cryptocurrency market, Ondo Finance effectively reduces investor risk while providing substantial returns. This model not only attracts the attention of traditional investors but also injects new vitality into the cryptocurrency market.
Compared to traditional U.S. Treasury bond investments, USDY has significant advantages. First, the investment threshold is greatly lowered, allowing even small investors to participate. Second, the liquidity of USDY is much higher than that of traditional Treasury bonds, enabling investors to buy and sell at any time on cryptocurrency exchanges. Finally, the yield of USDY is typically higher than directly holding U.S. Treasury bonds, thanks to the professional investment management of Ondo Finance and the additional returns from the DeFi ecosystem.
The table below compares the main features of USDY and traditional US Treasury bond investments:
Features | USDY | Traditional US Treasury bonds |
---|---|---|
investment threshold | Low, can invest small amounts | High, usually requires a large amount of funds. |
liquidity | High, traded 24/7 | relatively low, subject to trading time restrictions |
yield | Higher, with additional DeFi returns | relatively low, limited to government bond interest |
transaction convenience | High, can be traded on cryptocurrency exchanges | relatively low, needs to go through brokers or banks |
Global Accessibility | High, global investors can participate. | Relatively low, subject to regional restrictions. |
As the tokenization of real-world assets (RWA) becomes a new trend in the cryptocurrency market, Ondo Finance’s USDY represents the forefront of this wave. By bringing high-quality assets from the real economy into the blockchain world, Ondo is reshaping the landscape of the crypto asset market. The success of USDY not only proves the feasibility of the RWA model but also paves the way for the tokenization of other types of real-world assets.
Ondo Finance’s innovations are not limited to USDY; it has also launched a series of crypto products based on U.S. Treasury bonds and money market funds, such as OUSG and OMMF. These products together form a complete RWA ecosystem, providing investors with a diverse range of choices. In this way, Ondo is perfectly combining the stability of TradFi with the innovation of cryptocurrencies, creating a brand new investment paradigm.
In terms of market response, USDY has performed excellently since its launch. Data shows that the trading volume and number of holders of USDY have been steadily increasing. As of September 2025, the market capitalization of USDY has surpassed the $1 billion mark, making it one of the leading products in the RWA sector. This achievement not only proves the market’s recognition of USDY but also reflects the strong demand from investors for safe, stable, and yield-generating crypto assets.
With the support of mainstream exchanges like Gate, the influence of USDY is expected to further expand. As a leading global cryptocurrency trading platform, Gate’s user base and trading ecosystem will provide more exposure and application opportunities for USDY. This cooperation is not only beneficial for the development of USDY but will also promote the prosperity of the entire RWA market, injecting new vitality and possibilities into the cryptocurrency industry.