Ondo US Dollar Yield is a stablecoin: a claim pegged to a reference asset rather than an asset in its own right.
| CoinSpectrum Grade | C · 41/100 · provisional, E to A |
|---|---|
| Type | Tokenised security |
| Class | Government debt |
| Backing | Security |
| Custody | Custodial — an issuer holds the backing |
| Market capitalisation | $2.4B |
| Price | $1.15 |
| Circulating supply | 2,075,886,396 USDY |
| Issued on | 14 chains |
Market data rebuilt every six hours; this build 10 November 2026. Live prices on the ranking.
C — 41 out of 100, provisional (from 6 of 10 criteria, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 24 to 64 (E to A).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 5 | group average |
| Host chain | 8.1 | Issued on Ethereum (A+, 81/100) |
| Asset class (below every coin family) | 1.8 | Metal-backed tokens and securities: below every native coin family on the consensus ladders, 2.7 of 10 by largest asset and 0.9 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 0 | group average, 1 of 4 measured |
| Minting and supply (who can mint more) | 0 | The issuer or custodian mints it and can usually freeze it |
| Premine (pre-issued at launch) | — | Backed by reserves or a locked asset; no allocation to measure |
| Fundraising | — | Not applicable to a claim on reserves |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 7.2 | group average |
| Supply (21 million scores 10) | 8 | no fixed maximum; 2.08 billion in circulation |
| Demand (7 measures) | 6.4 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 4.9 | $2,825,437 traded in 24 hours, counting the pairs quoted in it; #324 by volume on the exchanges the site reads (scored on the median day of the last 15, $2,796,146) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 1.3 | 0.11% of its market cap a day, median of the last 16 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 7.4 | $3,944,136 within 2% of the price on 2 exchanges, 0.16% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 8.4 | $2.4B, 8.4 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Wallet support (wallets that hold it, 10 or more: 10) | – | not yet counted: no wallet in the directory lists it |
| Conduct (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
It is issued on 14 chains, which means 14 separate issuances of the same claim. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. It has neither its own blockchain nor its own consensus mechanism, and its value is a claim on securities a custodian holds, an asset outside crypto altogether. It is a token issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.