USDY is a tokenized note secured by short-term US Treasuries and is currently yielding 5.20% APY (rates are subject to change). USDY is accessible to non-US individual and institutional investors and is transferable onchain 40-50 days after purchase.

USDY is designed to combine the accessibility of a stablecoin with high-quality, US-dollar-denominated yield. USDY’s innovative approach incorporates robust third-party oversight, a structure that maximizes bankruptcy remoteness and a daily mint/redeem mechanism.