- Ondo’s USDY Yieldcoin is now available on the Arbitrum platform and offers non-U.S. investors an APY of 5.35%.
- USDY has been integrated with Camelot and Dolomite to enable trading, lending, and yield generation.
- USDY represents 17% of the Arbitrum DAO treasury, boosting RWA adoption on the blockchain.
Ondo Finance launched its market-leading, permissionless yieldcoin USDY on the Arbitrum blockchain, marking a significant expansion of real-world assets (RWA) within decentralized finance (DeFi). USDY, a tokenized instrument backed by U.S. Treasuries, is now available on Arbitrum—one of the largest and most active DeFi platforms—further solidifying Ondo’s role in bridging traditional finance and blockchain technology.
USDY now integrated with key Arbitrum DeFi protocols
USDY delivers an attractive annual percentage yield (APY) of 5.35% and is specifically designed for retail and institutional investors outside the United States. It provides dollar-denominated asset stability alongside income potential from U.S. Treasury exposures. Following its launch, USDY has been integrated into major Arbitrum DeFi protocols, including Camelot and Dolomite, enabling users to trade, lend, and earn yields within a secure, decentralized environment.
Arbitrum has rapidly emerged as a leading layer-2 scaling solution for Ethereum, with 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 Arbitrum DAO decision to allocate 6 million ARB from its treasury to Ondo’s yieldcoin, making USDY a substantial 17% share of the DAO’s treasury allocation. This move also comes after the DAO approved measures aimed at improving ARB performance and treasury security.
Holders of USDY on Arbitrum can trade the token on Camelot, the network’s largest decentralized exchange, and access lending markets via Dolomite, a leading money market protocol. USDY’s market utility is supported by primary and secondary market price feeds from Pyth, enhancing its usability across DeFi applications. With the Arbitrum launch, Ondo Finance continues to accelerate RWA adoption on-chain by offering global investors a compliant, income-generating dollar-denominated asset in Arbitrum’s expanding DeFi landscape.