Is Ondo US Dollar Yield a scam?
Asked about Ondo US Dollar Yield (USDY), market cap rank #44.
Short answer
Ondo US Dollar Yield (USDY) is rated DANGER on isthiscoinascam.com. This is a low score, indicating elevated scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-05-24
Red flags raised
- Stablecoin has depegged from its target
Positive signals
- Ondo publishes a dedicated smart-contract audits index page listing multiple third-party audits for “Ondo Funds and USDY” (Ethereum/Noble) and other product groupings. (Ondo docs)
- Ondo publishes USDY product mechanics and legal/redemption constraints in its developer/user documentation. (Ondo docs)
Security audits
4 audits on record.
- Spearbit (2025-02-25) — issues_resolved
- Halborn (2025-02) — unknown
- NetherMind (2023-04) — unknown
- Spearbit — unknown
Team transparency
The Ondo US Dollar Yield team is anonymous — public identities are not on record.
See the full report
Live price, contract security details, holder distribution, audit list, founder background and community ratings.
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