📄️ USDY Basics
What is USDY?
📄️ Comparison to Stablecoins
USDY is not classified as a traditional stablecoin; instead, it is a tokenized secured note. Like stablecoins, USDY operates as a bearer asset that can be transferred to investors without their needing to be onboarded with the issuer, although onboarding is necessary for minting or redeeming. However, unlike with stablecoins, USDY holders earn almost all of the yield from the assets that back USDY.
📄️ Comparison to Other Ondo Products
How does UDSY compare to OUSG, OMMF, and other Ondo products?
📄️ How it Works
There are three major processes for USDY: