🚨 Introducing
@OndoFinance USD Yield (USDY), the world’s first tokenized note secured by US Treasuries and bank deposits.
🚫 NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act of 1933.
📈 USDY is a bearer instrument, offering a similar degree of accessibility as stablecoins while paying holders a variable yield, starting at 5% APY.
🏦 USDY is senior secured debt of Ondo USDY LLC, a special purpose vehicle designed to be bankruptcy-remote from day one.
🧑🤝🧑 Individuals and institutions, with no accreditation requirements, can onboard directly with Ondo in order to mint or redeem USDY on a daily basis.
🌐 After a 40-50 day waiting period, USDY tokens can be transferred on-chain to investors who meet applicable requirements (including agreeing to certain terms and being a non-US person, outside the US, and not subject to other jurisdictional prohibitions).
For more information, please visit:
ondo.finance/usdy