Ondo Finance is a leading Real-World Asset (RWA) tokenization platform that brings traditional finance on-chain. It offers products like tokenized stocks and partners with firms such as BlackRock, with its OUSG fund backed by BlackRock’s BUIDL. It also launched USDY, a permissionless yield-bearing product structured as a tokenized secured note, backed by short-term US Treasuries and bank deposits. Yield accrues daily and compounds automatically. USDY has been gaining attention as a relatively stable on-chain yield option. In this guide, we look at platforms that support USDY and how you can buy it.

Timezone: Pacific Time (GMT-8)

How to Buy $USDY on Bybit

USDY, now sitting at a multi-billion dollar market cap, is mainly available on select DeFi platforms. However, if you prefer using a centralized exchange, options are limited, with Bybit being one of the few platforms that list USDY.

Bybit is a well-known exchange with a strong global presence, offering a wide range of trading products alongside spot markets. The platform requires strict KYC verification before you can access its features, including buying USDY.

New users can also claim bonuses of up to $30,000 using a Bybit referral code, which adds extra value when getting started. Once your account is verified, you can easily buy USDY and hold it directly in your portfolio. Here is how you can buy USDY on Bybit

Step 1: Head over to the Bybit mobile app or web platform, and search for USDY in the search bar.

Step 2: From the search results, select the USDY/USDT pair. USDY is only available in spot markets on Bybit, with no perpetual contracts.

Step 3: On the trading interface, make sure you are on the “Buy” tab.

Step 4: In the amount field, enter the amount of USDT you want to allocate for your USDY purchase.

Step 5: Once the amount is entered, click on the “Buy” button to complete your purchase. After the order is filled, your USDY holdings will be reflected in your Bybit wallet.

Fees When Buying Ondo US Dollar Yield on Bybit

On Bybit, spot trading follows a simple fee structure where both maker and taker orders are charged 0.1%. There is no variation based on how you place your trade, so the cost remains consistent across order types.

To put that into perspective, if you are buying USDY worth $1,000, the fee would come out to $1. Whether you choose a limit order and wait for your price or go with a market order for instant execution, the fee remains the same. This makes it easier to plan entries without needing to factor in different fee tiers.