Гаманець для Ondo US Dollar Yield

What is Ondo US Dollar Yield (USDY)?

USDY is a tokenized note issued by Ondo Finance and backed by short-term US Treasuries and bank demand deposits. It is not a stablecoin pegged to one dollar and not a fund share: each token represents a claim on the note, and the redemption price per token is set to move up over time instead of the balance changing. A wallet holding 100 USDY today still shows 100 USDY a year later; what changes is what each token stands for. Ondo also issues rUSDY, a wrapped rebasing form of the same asset, where the balance grows and the price stays near one dollar. The two are convertible into each other but are separate tokens with separate contracts, so a holder should know which one they actually hold.

USDY is not offered to US persons, and minting or redeeming directly with Ondo requires verification. Tokens freshly minted from Ondo are locked from transfer for a period after issuance; only after that can they move freely on chain. Holding, sending and receiving on the secondary market does not require any registration.

The token exists natively on several chains. On EVM networks it is a standard ERC-20 style token and the fee for moving it is paid in that network's own coin (ETH on Ethereum and Arbitrum, BNB on BNB Smart Chain, MNT on Mantle, SEI on Sei). On Solana it is an SPL token, so the wallet needs a token account for it and a little SOL to cover rent and fees. Moving USDY between chains goes through the Ondo bridge rather than by sending to the same address on another network.

Supported networks in Tangem (7): Ethereum, Arbitrum One, BNB Smart Chain, Solana, Mantle, Tempo, Sei Network. Because the same ticker lives on many chains and has a rebasing twin, the Tangem app keeps a separate USDY balance for each network and shows the outgoing network on every transfer before the card signs, which is exactly the check a multi-chain asset like this one calls for.