A standing dispatch on
Tokens backed by US Treasury bills (Ondo USDY, Hashnote USYC, BlackRock BUIDL, OUSG). Yield comes from the underlying T-bills, not from lending or LP. Net asset value updates end-of-business-day via on-chain feeds.
Best reward rate today
3.68%
Tracked NAVs
2
Capital
$8.3 B
Operators
9
RWA = Real World Assets. The most popular form in 2026 is tokenized US Treasury bills: an issuer (Ondo, BlackRock, Hashnote) holds T-bills off-chain and mints a token on-chain that's backed 1:1. Yield comes from the T-bills themselves — currently 4–5% APY in USD — paid as either rebasing supply (USDY) or NAV appreciation (USYC, OUSG).
USYC
BSC
3.14%
$3 B
USDY
Ethereum
3.55%
$1 B
BUIDL
Ethereum
3.49%
$900 M
BUIDL
Avalanche
3.46%
$600 M
BUIDL
Solana
3.46%
$600 M
BUIDL
Aptos
3.15%
$600 M
OUSG
XRPL
3.44%
$300 M
OUSG
Ethereum
3.44%
$300 M
USDY
Sei
3.55%
$300 M
USDY
Solana
3.55%
$200 M
BUIDL
Ethereum
3.15%
$200 M
USDY
Stellar
3.55%
$100 M
USYC
Ethereum
3.14%
$100 M
BUIDL
BSC
3.15%
$100 M
USDY
Mantle
3.55%
$30 M
BUIDL
OP Mainnet
3.15%
$30 M
BUIDL
Arbitrum
3.15%
$30 M
USDY
Sui
3.55%
$20 M
USDY
Noble
3.55%
$20 M
BUIDL
Polygon
3.46%
$10 M
USD0
Ethereum
0.91%
$10 M
USDY
Osmosis
3.55%
$7 M
USDY
Arbitrum
3.55%
$6 M
BU
USD0 · BUSD0
Ethereum
0.06%
$4 M
USDY · USDC
Solana
0.06%
$3 M
USDY
Sui
3.68%
$2 M
USD0 · USDC
Ethereum
0.93%
$2 M
USDC · USDY
Sui
0.09%
$2 M
Refreshed hourly · pre-fee · check each pool for risk notes