Ecosystem Partners For USDY on Solana

Ecosystem Partners For USDY on Solana

Ondo is thrilled to have launched USDY on the Solana blockchain. Now, users across the Solana ecosystem can easily access native USDY through a growing array of dApps, or by onboarding with Ondo. This launch is the result of a collaborative effort involving prominent ecosystem partners, including Jupiter Exchange, Raydium Protocol, Orca, Kamino Finance, Meteora AG, deBridge Finance, Squads, and Switchboard.

USDY aims to provide users with the utility of stablecoins while offering an impressive 5.2% APY. These strategic partnerships are well-positioned to not only facilitate its broad distribution within the Solana ecosystem but also to usher in an era of advanced yield farming strategies.

How to obtain USDY on Solana

Non-US investors can onboard here, or, acquire USDY within the Solana ecosystem. After swapping stablecoins for USDY, holders instantly start earning 5.2% APY backed by US Treasury Bills (~99%) and Bank Deposits (~1%). 

To obtain USDY on Solana, visit any of our launch partners – Significantly more liquidity is expected over the coming weeks.

  • Jupiter Exchange provides quotes leveraging all available liquidity on Solana.
  • Orca provides USDY-USDC liquidity.
  • Raydium Protocol provides USDY-USDT liquidity.
  • deBridge Finance provides cross-chain swaps from any of your favorite tokens on EVM chains directly to USDY on Solana.
You can verify the current price of USDY, as well as find further information, at Ondo's website:

How to Utilize USDY on Solana

On top of the 5.2% APY yield natively distributed, token holders will soon be able to use USDY tokens across the Solana ecosystem – Significantly more liquidity is expected over the coming weeks.

  • Meteora provides dynamic USDY vaults.
  • Kamino Finance vaults will power the programmatic deployment of liquidity into Orca and Raydium, and will also provide 1-click leverage, and the opportunity to supply USDY and borrow SOL.
  • More to be announced soon…

Oracle Price Feeds

Switchboard brings two price feeds for USDY on Solana, unlocking use cases where USDY can be used as collateral:

  • A primary market price feed reflecting the price at which users can buy and redeem USDY from Ondo. 
  • A secondary market price feed reflecting the price at which USDY is traded across all sources of liquidity both inside and outside of the Solana ecosystem.


Ondo uses Squads to manage the minting and freezing of USDY.

With a strong lineup of ecosystem partners and a growing list of use cases, USDY is poised to make waves within the Solana blockchain. For more information, visit Ondo's website at:

Recap on USDY

USDY is the world’s first tokenized note secured by a bankruptcy-remote portfolio of US Treasuries. It is accessible to non-US individual and institutional investors and is designed to combine the accessibility of stablecoins with high-quality, US dollar-denominated yield. Key features include:

Broadly Accessible: Tokenized loan that can trade globally in secondary markets to non-US investors

Yield-Bearing: Accrues a variable interest rate, adjusted monthly by the issuer. Yield accrues in the form of a redemption value that increases over time

Daily Liquidity: Non-US investors can both mint and redeem USDY on a daily basis

High-Quality Collateral: Secured by a portfolio of short-term US Treasuries under control agreements

Compliant with Regulations: Issued under a continuous Reg S offering to offshore investors with best practices KYC/AML/CFT procedures

Bankruptcy-Remote: Assets designed to be ring-fenced from a hypothetical Ondo bankruptcy


The USDY Tokens are not being offered or sold, and will not be offered or sold, in the United States or to US persons. In addition, the USDY Tokens have not been registered under the Securities Act of 1933, as amended (the "Act") or the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the United States or to US persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. Additional limitations on transfer also apply.

About Ondo

Ondo Finance provides institutional-grade, blockchain-enabled investment products and services. Ondo has an asset management arm that creates and manages tokenized financial products as well as a technology arm that develops decentralized finance protocols and other blockchain solutions. 

Ondo’s first core products are tokenized cash equivalents that deliver very low risk, high quality yield from U.S. Treasuries, money market funds, and similar instruments, offering on-chain investors an alternative to stablecoins where holders rather than issuers earn the vast majority of the underlying asset yield. 

For more information on our products, please reach out to us at or check out the following resources:

Website | X/Twitter | Blog