Best USDY yield
The top-ranked USDY yield is 3.61% APY on Ondo Yield Assets (Ethereum, tokenized fund), risk grade B. Yield on Ondo's USDY, a token backed by short-term US Treasuries and bank deposits (the rate accrues into the price), graded for off-chain issuer and redemption risk.
Live USDY yields
Ranked by rate and risk together. Grades run from A (lowest risk) to D (highest). We may earn commissions; they never change the order. Capital is at risk. Not financial advice. How we rank
Ethereum · US Dollar Yield · Tokenized fund
Sei · US Dollar Yield · Tokenized fund
Solana · US Dollar Yield · Tokenized fund
Stellar · US Dollar Yield · Tokenized fund
Sui · US Dollar Yield · Tokenized fund
Arbitrum · US Dollar Yield · Tokenized fund
Mantle · US Dollar Yield · Tokenized fund
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The top pick, in detail
Yield position
The US Treasury’s rate on Oct 1. This offer is 0.6 percentage points below it. Tokenized Treasury funds in our feed report a median of about 3.53% across 9 products. Similar yields do not imply similar risks. Fees, custody and redemption terms differ.
How the benchmark is sourcedRisk & durability
The risk behind the top USDY rate, and the depth supporting it.
- Rate predicted to fall+1
- Tokenized real-world asset (off-chain issuer, redemption & legal risk)+2
How this yield works. A token representing shares of an off-chain fund (Treasury bills, credit or other real-world assets). The yield is the fund's return; issuer, redemption and investor-eligibility limits apply.
The risk grade is a transparent read of incentive reliance, pool depth, peg health and prior incidents, not a guarantee. The 30-day average summarizes reported rates, not realized returns: when today’s APY sits far above it, the yield is likely incentive-driven and tends to fall back.
How each kind of USDY yield works
- Tokenized fund
A token representing shares of an off-chain fund (Treasury bills, credit or other real-world assets). The yield is the fund's return; issuer, redemption and investor-eligibility limits apply.
- DeFi lending
Supply the asset to an on-chain money market and earn borrower interest. Non-custodial; smart-contract risk.