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RWAs You Can Use For Savings: USDY in Your Wallet

RWAs You Can Use For Savings: USDY in Your Wallet

The onchain economy is alive and thriving, supporting a wide range of users and activities. While social media often spotlights onchain traders taking volatile swings while trading memecoins, crypto rails also serve a crucial role in providing financial solutions for those without traditional bank access. Between these two user profiles, a common gap exists despite the wildly different approaches they have to onchain finance: the understanding of where they can turn for reliable, yield-generating savings.

The Savings Challenge Across the Onchain Spectrum

These two distinct groups face similar cash management challenges, though from vastly different perspectives:

  • Unbanked Users: Many people rely on crypto for financial services due to having limited or no access to traditional banking rails. For this group, managing cash onchain as a substitute for a checking account is essential, yet there is a lack of awareness and guidance on suitable, dependable savings tools.
  • Onchain Traders: A different end of the spectrum is represented by the active traders who live onchain, who do most of their activities through tools like Phantom’s multichain wallet. These users often lack concrete cash management/wealth preservation plans, with a keen focus on high-risk, high-reward strategies. Even holding small portions of their funds in a yield-bearing asset could prove beneficial to future selves.

In crypto, savings management is often overlooked and misunderstood. For the unbanked, it’s the complexity of DeFi and yield strategies that scare them away. Using crypto typically means having a 'digital checking account', with no tools for compounding. For the onchain degens, they possess an aversion to stowing away funds in a preservation strategy.

If only there was a simple option to remain flexible onchain and begin accruing yield on idle balances. Ondo Finance’s mission to provide institutional-grade assets onchain, for everyone, provides a solution that fills this gap for both parties. Tokenized US Treasuries like USDY offer users a simple yet effective savings vehicle, with complete onchain flexibility.

The Ondo Solution: USDY for Onchain Savings

Ondo’s tokenized US Treasuries, like USDY, combine the stability and returns of a traditional savings account with the 24/7 accessibility and composability of onchain assets. Widely available on Solana, with 14+ integrations bringing together the best of traditional finance with the flexibility and composability of crypto assets, USDY offers the unbanked a flexible, user-friendly way to grow their savings over time. And, for traders with little appetite for fully offramping their crypto, yield-bearing, composable RWAs like USDY serve as a means to “take chips off the table” without needing to “exit the casino.”

Tapping into Ondo RWAs Within the Solana Ecosystem

When we look at tokenized US Treasuries products as a savings vehicle, ground zero for these tools to be accessible is a platform for asset management. To this end, the infrastructure is actually quite simple. It’s crypto wallets, and on Solana, we can look at, and understand, the user profiles previously discussed through the lens of two different wallet solutions who serve different segments of the market.

  • Decaf Wallet: Tailored for LatAm users, many of whom are unbanked and in pursuit of accessible financial management. Decaf offers onramp and offramp solutions through easy-to-access integrations with MoneyGram and has proven to be a useful app as a checking account substitute. And it’s only one step further to access onchain savings. Users of wallets like Decaf can tap into Ondo’s USDY with fee-less swaps to provide an accessible, flexible savings solution that can be accessed anytime, giving them a simple, low-risk opportunity to grow their funds.
  • Phantom Wallet: Known for its appeal among active traders, users who live onchain via their Phantom wallet can tap into a liquid savings option through USDY. Traders can move a portion of their holdings-of-the-week into this yield-bearing asset, allowing them to take meaningful profits and practice effective cash management while remaining fully onchain and liquid with no added smart contract risk.

Ondo’s RWAs Provide a Sustainable Path

Ondo’s tokenized US Treasuries are straightforward and accessible—capturing native yield in a composable asset with a broad suite of liquid integrations. USDY is especially well-suited for users looking for onchain savings solutions, and its widespread deployment on Solana makes it highly flexible. Composable, easy-to-use, and designed with financial growth in mind.

Flexible RWAs like USDY deliver more than yield—they bring forth a new chasm of possibilities for onchain savings and financial management, accessible to all. Yieldcoins represent a stable way to store and grow wealth for the unbanked, while offering a path to financial stability without sacrificing flexibility for onchain traders. Whether through Decaf, Phantom, or another Solana wallet, Ondo’s RWAs are redefining what it means to bank yourself onchain. With RWAs you can use for savings.