- Ondo’s USDY yieldcoin is now available on Arbitrum, offering a 5.35% APY to non‑U.S. investors.
- USDY is integrated with Camelot and Dolomite for trading, lending, and yield generation.
- USDY comprises 17% of Arbitrum DAO’s treasury allocation, boosting on‑chain RWA adoption.
Ondo Finance has 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 product backed by U.S. Treasury bills, is now available on Arbitrum—one of the most active and fast‑growing DeFi platforms—strengthening Ondo’s role connecting traditional finance to blockchain technology.
USDY integrated across Arbitrum’s top DeFi protocols
USDY offers an attractive annual percentage yield (APY) of 5.35% and is tailored primarily for retail and institutional investors outside the United States. It combines the dollar‑denominated stability of a cash‑like asset with the yield potential of short‑term U.S. Treasury instruments. Following the deployment, USDY has been integrated into key Arbitrum protocols, including Camelot and Dolomite, enabling users to trade, lend, and earn yield in a secure, permissionless environment.
Arbitrum has quickly emerged as a leading Ethereum layer‑2 scaling solution, hosting more than $15.5 billion in total value locked (TVL) and roughly $4.5 billion in stablecoins. The arrival of USDY on Arbitrum follows a strategic decision by the Arbitrum DAO to allocate 6 million ARB from its treasury to Ondo’s yieldcoin, making USDY a substantial 17% of the DAO’s treasury exposure. This move complements recent DAO actions focused on enhancing ARB performance and treasury security.
USDY holders on Arbitrum can access trading on Camelot—the platform’s largest decentralized exchange—and lending markets on Dolomite, a major money‑market protocol. The token’s price is supported by primary and secondary market price feeds from Pyth, improving its reliability and enabling broader use across DeFi applications. With this launch, Ondo Finance advances on‑chain adoption of RWAs by providing global investors with a compliant, yield‑generating, dollar‑denominated asset within Arbitrum’s expanding DeFi landscape.