24h Change+0.038%
All Time HighMar 27, 2024$1.26
All Time LowJan 14, 2024$0.93
Market Cap$2.142b
Fully Diluted Valuation$2.142b
Circ. Supply1.898b USDY
CEX Volume$225,701
DEX Volume$2.7m
Risk-management actions published about USDY by tracked risk managers and governance contributors, newest first.
USDY is being added as a yield-bearing asset in the new Euler T-Bill market to support capital allocation in tokenized fixed income, addressing growing institutional interest in money-market funds.
LlamaRisk details risk assessment criteria for tokenized securities like USDY, focusing on AUM, product maturity, legal/regulatory compliance, decentralization assurances, secondary market liquidity, redemption processing times, and investor onboarding requirements to inform Aave governance evaluations.
USDY allocates 35% to 3-month U.S. Treasury bills and 65% to demand deposits at high-rated banks like Morgan Stanley, with 3% over-collateralization in cash for stability. Treasuries are held without rehypothecation at custodians like Morgan Stanley and StoneX, mitigating risks seen in events like the Silicon Valley Bank failure through selection of G-SIB institutions.
USDY tokenizes yield-bearing US Treasuries (35%) and bank deposits (65%) at high-rated custodians like Morgan Stanley, with 3% overcollateralization and daily attestations planned via Ankura Trust, but 65% of deposits remain uninsured by FDIC. Key risks include permissioned KYC minting with 40-50 day delays, upgradeable allowlists that can break composability and cause DoS for integrators, and a centralized oracle for pricing that requires careful assessment before DeFi onboarding.
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Showing 10 of 19 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabUSDYUS Dollar Yield | $1.111b | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $529.26m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $257.02m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $180.9m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $28.69m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $23.22m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $15.01m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDYUS Dollar Yield | $7.31m | 3.55% | 3.55% | 3.55% | |||||
| open in new tabUSDY | $882,887 | 3.86% | 3.87% | ||||||
| open in new tabUSDY | $225,694 | 5.33% | 5.77% |
Showing 10 of 66 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabUSDY âžž HASUI | $15.24m | 2.46% | 2.66% | -0.28% | 70% | $2.3m | $102,479 | ||
| open in new tabUSDY âžž HASUI | $15.24m | 1.64% | 1.87% | -0.28% | 85% | $626,623 | $237,375 | ||
| open in new tabUSDY âžž VSUI | $11.69m | 2.41% | 2.66% | -0.36% | 70% | $2.3m | $102,479 | ||
| open in new tabUSDY âžž VSUI | $11.69m | 1.57% | 1.87% | -0.36% | 85% | $626,623 | $237,375 | ||
| open in new tabUSDY âžž LBTC | $2.81m | 2.45% | 2.66% | -0.30% | 70% | $2.3m | $102,479 | ||
| open in new tabUSDY âžž LBTC | $2.81m | 1.62% | 1.87% | -0.30% | 85% | $626,623 | $237,375 | ||
| open in new tabUSDY âžž NAVX | $1.63m | 2.11% | 2.66% | -0.78% | 70% | $2.3m | $102,479 | ||
| open in new tabUSDY âžž NAVX | $1.63m | 1.21% | 1.87% | -0.78% | 85% | $626,623 | $237,375 | ||
| open in new tabUSDY âžž SUIETH | $1.3m | 1.84% | 2.66% | -1.17% | 70% | $2.3m | $102,479 | ||
| open in new tabUSDY âžž ZWBTC | $88,617 | 1.90% | 2.66% | -1.08% | 70% | $2.3m | $102,479 |
