Ondo’s USDY Adds $98.9 Million in 30-Day Market Cap Growth

Ondo Finance’s USDY added $98.9 million in on-chain market capitalization over 30 days, the largest increase among the three tokenized U.S. Treasury products in the comparison. The increase measures market-cap growth, not the product’s total value.

Franklin Templeton’s sgBENJI gained $14.1 million during the period, while BENJI rose $12 million.

USDY is a tokenized note offering exposure to short-term U.S. Treasuries and bank deposits. It is not a conventional dollar stablecoin. Ondo distributes USDY under Regulation S to non-U.S. individuals and institutional investors; it is not offered or sold to U.S. persons.