Ondo Finance Deploys USDY on BNB Chain

@OndoFinance has brought its yield-bearing token $USDY to the @BNBCHAIN ecosystem, widening access to one of the more established tokenized Treasury products in the real-world asset (RWA) space.

What USDY Offers BNB Chain Users

$USDY is designed to give both retail and autonomous users a straightforward route to daily-accruing yield. The token is backed by short-duration U.S. Treasuries and bank demand deposits, with each USDY representing a senior unsecured claim on a portfolio held by Ondo USDY LLC, a Delaware bankruptcy-remote vehicle. Holders accrue yield through a rising redemption value, with the token trading at a growing premium to $1.00 that reflects accumulated interest.

USDY is Ondo's permissionless yield-bearing token, making it accessible to a broader range of users compared to OUSG, which is aimed at institutional participants. The BNB Chain deployment extends that permissionless model to one of crypto's largest retail networks.

Infrastructure Partners and Cross-Chain Reach

The deployment is live through a set of well-established infrastructure providers. Supported platforms include @1inch, @Ledger, @TrustWallet, and @LayerZero_Core, among others. Ondo uses @LayerZero_Core to run USDY as an Omnichain Fungible Token (OFT), enabling users to hold and transfer T-bill yield across multiple blockchains without friction.

Ondo and LayerZero previously launched the Ondo Bridge for tokenized stocks and ETFs, enabling cross-chain transfers between Ethereum and BNB Chain with over 100 tokenized equities and ETFs available at launch. The USDY deployment on BNB Chain builds on that existing cross-chain infrastructure.

The move is part of a broader multichain push by Ondo. USDY launched on Ethereum in August 2023 before expanding to Solana, Mantle, Sui, and Aptos across 2024. Total supply has grown from around $60 million at launch to over $740 million in early 2026. The BNB Chain addition gives the protocol a foothold in one of the most active on-chain retail environments in the industry.

Ondo holds a position as the only major platform combining permissionless retail access through USDY with full institutional depth through OUSG and over 260 tokenized equities. The BNB Chain expansion reinforces that dual-market approach.

Sources:
Ondo USDY: Tokenized Treasuries Explained (Eco)
Ondo Finance Goes Omnichain with LayerZero (LayerZero Blog)
Ondo Debuts Tokenized Stocks on Ethereum with BNB Chain Support (The Block)