USDY vs OUSG
As of Oct 5, 2026, Ondo USDY is the larger of the two at $2.28B, against $321M for Ondo OUSG (7.1x). As of Oct 5, 2026, Ondo USDY (USDY) has a market cap of $2.28B, up 4.3% over 30 days. As of Oct 5, 2026, Ondo OUSG (OUSG) has a market cap of $321M, down 4.6% over 30 days.
| Ondo USDY | Ondo OUSG | |
|---|---|---|
| Asset class | Tokenized Treasuries | Tokenized Treasuries |
| Issuer | Ondo Finance | Ondo Finance |
| Value | $2.28B (market cap) | $321M (market cap) |
| 30-day change | +4.3% | -4.6% |
| Token price | $1.15 | $116.77 |
| Chains | - | - |
| Issuer | Ondo USDY LLC (Ondo Finance) | Ondo Finance |
| Launched | August 2023 | - |
| Structure | Tokenized note secured by short-term US Treasuries and bank demand deposits | - |
| Who can invest | Non-US investors only; not available to US persons | Qualified purchasers and accredited investors, after KYC |
| Yield | Accrues into the token price | - |
| Underlying assets | - | Short-term US Treasuries and tokenized treasury funds |
$2.28B$0
Oct 5, 2025Oct 5, 2026
$830M$0
Oct 5, 2025Oct 5, 2026
FAQ
Is USDY or OUSG bigger?
As of Oct 5, 2026, Ondo USDY is the larger of the two at $2.28B, against $321M for Ondo OUSG (7.1x).
What is the difference between USDY and OUSG?
Both are tokenized treasuries. Ondo USDY is issued by Ondo Finance and Ondo OUSG by Ondo Finance. USDY: non-us investors only; not available to us persons. OUSG: qualified purchasers and accredited investors, after kyc.