- Ondo’s USDY yield product is now live on Arbitrum, offering 5.35% APY for investors outside the U.S.
- USDY is integrated with Camelot and Dolomite for trading, lending, and yield generation.
- USDY represents 17% of the Arbitrum DAO treasury, supporting on-chain adoption of real-world assets (RWA).
Ondo Finance has launched its flagship permissionless yield coin, USDY, on the Arbitrum blockchain, marking a major expansion of real-world asset (RWA) activity within the decentralized finance (DeFi) ecosystem. USDY, a tokenized representation of U.S. Treasury holdings, is now available on Arbitrum — one of the largest and most active DeFi platforms — furthering Ondo’s mission to bridge traditional financial instruments with blockchain technology.
USDY now integrated into key Arbitrum DeFi protocols
USDY delivers a competitive 5.35% annual percentage yield (APY) and is specifically structured for individual and institutional investors located outside the United States. It combines dollar-denominated asset stability with the yield potential of U.S. Treasury securities. Following deployment, USDY has been integrated into core Arbitrum DeFi protocols, including Camelot and Dolomite, enabling users to trade, lend, and earn yields in a secure, decentralized environment.
Arbitrum has quickly established itself as a leading Layer 2 scaling solution for Ethereum, boasting more than $15.5 billion in total value locked (TVL) and $4.5 billion in stablecoins. USDY’s integration into this ecosystem follows a strategic decision by the Arbitrum DAO to allocate 6 million ARB from its treasury into Ondo’s yield coins, making USDY roughly 17% of the DAO’s treasury investments. This move also comes after the DAO approved a proposal to enhance ARB performance and strengthen treasury security.
Holders of USDY on Arbitrum can access trading on Camelot, the platform’s largest decentralized exchange, and lending markets on Dolomite, a prominent money-market protocol. USDY’s price is underpinned by primary and secondary market sources via Pyth, improving its utility across DeFi applications. With USDY’s launch, Ondo Finance continues to advance on-chain adoption of RWAs and provides global investors with a compliant, yield-generating dollar-denominated asset within Arbitrum’s rapidly growing DeFi landscape.