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Underlier Labs
US Treasury Note 1-Year
TBILL1Y
$98.42
+0.02%
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TBILL1Y Price
$98.42
+0.02%
1D
1W
1M
3M
1Y
ALL
Best For
Best Overall
USDY
95.0
Ondo
Best Liquidity
USDY
95.0
Ondo
Best Tracking
USDY
95.0
Ondo
Best DeFi Utility
USDY
95.0
Ondo
Lowest Risk
USDY
95.0
Ondo
Tokenized Representations
Asset
Issuer
Chain
Price
Trk Error
Liquidity
24H Volume
Score
USDY
Ondo US Dollar Yield
Ondo
Ethereum
$1.06
0.00 bps
86.4M
14.2M
95.0
USTB
Superstate Short Duration US Gov Bond Fund
Securitize
Ethereum
$10.12
0.00 bps
42.8M
6.4M
93.0
USDY
Ethereum
Ondo
$1.06
95.0
Liq:
86.4M
Vol:
14.2M
Trk Err:
0.00 bps
Prem/Disc:
0.00%
Contract
0x3c4D...1c2D
Custodian
Ankura Trust
USTB
Ethereum
Securitize
$10.12
93.0
Liq:
42.8M
Vol:
6.4M
Trk Err:
0.00 bps
Prem/Disc:
0.00%
Contract
0x4d5E...2d3E
Custodian
US Bank
Underlier Score
95
A+
Backing
99
Quality and verifiability of the underlying asset backing
Liquidity
94
Available liquidity depth across trading venues
Tracking Accuracy
99
Accuracy of price tracking relative to the reference asset
Issuer Quality
96
Regulatory standing, track record, and transparency of the issuer
Redemption
92
Ease and reliability of redeeming the token for underlying value
Smart Contract Risk
94
Smart contract audit status, complexity, and upgrade risk
DeFi Utility
86
Availability as collateral, in lending markets, and DeFi integrations
Score reflects backing, liquidity, tracking, issuer, redemption, contract risk, and DeFi utility.
Last verified: 8/28/2026
Underlier Passport
Underlying
Ondo US Dollar Yield
Issuer
Ondo
Network
Ethereum
Token Contract
0x3c4D5e6F7a8B9c0D1e2F3a4B5c6D7e8F9a0B1c2D
Asset Structure
Tokenized Yield-bearing Note
Backing
Short-term US Treasuries and bank deposits
Custodian
Ankura Trust
Redemption
T+1 redemption
Price Source
NAV + accrued yield
Tracking Error
0.00 bps
Jurisdiction
United States
Transfer Restrictions
Non-US persons, no US transfer
DeFi Integrations
Morpho
Aave
Compound
Collateral Markets
Morpho USDY/USDC
Aave v4
Yield Opportunities
Native yield 4.52% APY
Last Verified
2026-08-28T14:30:00Z