Yield-Bearing Stablecoin Supply Drops 15% in Q2, Ending Three-Year Growth Run
Ondo's USDY, another tokenized yield product backed by Treasuries, maintained growth in Q2.
- ▲ Investor rotation into regulated yield products
- ▼ Ondo protocol risks
- ▼ Regulatory scrutiny of yield-bearing tokens
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What makes USDY different from other yield-bearing stablecoins?
USDY is backed by short-term U.S. Treasuries and bank deposits, offering a more traditional, lower-risk yield compared to crypto-native mechanisms like delta-hedging.
Can retail investors access USDY?
Access depends on jurisdiction and platform availability; some tokenized products have restrictions, but Ondo aims to broaden distribution.