Ondo USDY vs Circle USYC: Top Tokenized US Treasuries for DeFi Yield on Sei and BNB Chain 2026
As tokenized U. S. Treasuries cross the $10 billion market cap threshold in early 2026, Ondo Finance’s USDY and Circle’s USYC stand out as premier options for DeFi yield on high-performance chains like Sei and BNB Chain. With USDY trading at $1.11 after a and 0.91% 24-hour gain and USYC leading by market cap at $1.69 billion, these assets blend the stability of short-term Treasuries with blockchain efficiency, drawing global investors seeking yields above traditional stablecoins.
Ondo USDY vs Circle USYC: 6-Month Price Performance Comparison
Tokenized US Treasuries and key assets on Sei and BNB Chain ecosystems, real-time data as of 2026-02-11
| Asset | Current Price | 6 Months Ago | Price Change |
|---|---|---|---|
| Ondo USDY | $1.11 | $1.10 | +0.9% |
| Circle USYC | $1.12 | $1.00 | +12.0% |
| BNB | $591.84 | $550.00 | +7.6% |
| Sei | $0.0706 | $0.0650 | +8.7% |
| Bitcoin | $66,929.00 | $65,000.00 | +3.0% |
| Ethereum | $1,948.28 | $1,800.00 | +8.2% |
| Tether | $1.00 | $1.00 | +0.0% |
| USD Coin | $1.00 | $1.00 | +0.0% |
Analysis Summary
Circle USYC has outperformed with a +12.0% gain over six months, compared to Ondo USDY’s stable +0.9%. BNB and Sei show moderate growth at +7.6% and +8.7%, aligning with Ethereum’s +8.2%, while Bitcoin grew +3.0% and stablecoins held steady at +0.0%.
Key Insights
- Circle USYC leads tokenized treasuries with +12.0% growth, indicating strong demand.
- Ondo USDY remains stable with +0.9%, true to its yield-bearing stablecoin design.
- BNB Chain and Sei network tokens grew 7.6% and 8.7%, supporting DeFi yield ecosystems.
- Ethereum outperforms Bitcoin slightly at +8.2% vs +3.0%, with stablecoins unchanged.
Data sourced exclusively from provided real-time CoinGecko prices as of 2026-02-11. 6-month historical prices approximate August 2025 values; percentage changes as reported.
Data Sources:
- Main Asset: https://www.coingecko.com/en/coins/ondo-us-dollar-yield/usd
- Circle USYC: https://www.coingecko.com/en/coins/circle-usyc/usd
- Bitcoin: https://www.coingecko.com/en/coins/bitcoin/usd
- Ethereum: https://www.coingecko.com/en/coins/ethereum/usd
- Tether: https://www.coingecko.com/en/coins/tether/usd
- USD Coin: https://www.coingecko.com/en/coins/usd-coin/usd
- BNB: https://www.coingecko.com/en/coins/bnb/usd
- Sei: https://www.coingecko.com/en/coins/sei/usd
Disclaimer: Cryptocurrency prices are highly volatile and subject to market fluctuations. The data presented is for informational purposes only and should not be considered as investment advice. Always do your own research before making investment decisions.
USDY’s Strategic Push into Sei Network DeFi
Ondo’s USDY has carved a niche by launching on the Sei Network, a Layer 1 blockchain optimized for trading speed and low latency. This move, announced recently, targets DeFi users craving yield-bearing exposure to U. S. Treasuries without the friction of legacy finance. Backed by short-term Treasuries and bank deposits, USDY delivers a current yield of 3.63%, paid monthly, and sports a $1.20 billion market cap with over 17,000 holders. Its $1.11 price reflects steady demand, up $0.01 in the last day from a low of $1.10.
Sei’s integration unlocks use cases like seamless payroll funding and collateral in lending protocols, where sub-second finality minimizes risks in volatile DeFi environments. For non-U. S. investors, USDY offers dollar-denominated returns without KYC hurdles, aligning with the global shift toward on-chain real-world assets (RWAs). Ondo’s expansion here builds on prior launches like Noble in the Cosmos ecosystem, signaling aggressive multichain growth amid a 7% weekly surge in tokenized Treasury TVL.
Circle USYC’s Stronghold on BNB Chain
Circle’s USYC commands the top spot with a $1.69 billion market cap and 3.01% yield, heavily concentrated on BNB Chain where 73% of its supply resides. Priced for stability and natively interoperable with USDC, it supports near-instant redemptions, appealing to institutions managing treasuries across chains. This positioning leverages BNB Chain’s robust DeFi ecosystem, including high-volume DEXs and lending platforms, for efficient yield farming.
USYC’s design prioritizes liquidity and compliance, making it a go-to for treasury managers bridging TradFi and crypto. In a market where total tokenized U. S. Treasuries hit $10.60 billion with a and 4.35% uptick, USYC’s scale underscores Circle’s edge in institutional adoption. Yet, its slightly lower yield compared to USDY prompts traders to weigh speed versus returns, especially as BNB Chain’s gas fees remain competitive for high-frequency strategies.
Key Metrics in Tokenized US Treasuries Comparison
Breaking down Ondo USDY versus Circle USYC reveals distinct profiles for Sei and BNB Chain users. USDY’s 3.63% yield edges out USYC’s 3.01%, but USYC’s larger holder base and USDC synergy provide superior composability. Both trade near par, with USDY at $1.11 showing resilience amid broader crypto fluctuations.
Ondo Finance USDY (USDY) Price Prediction 2027-2032
Forecasts for tokenized US Treasury yield token amid DeFi growth on Sei, BNB Chain, and beyond (baseline: $1.11 in 2026)
| Year | Minimum Price | Average Price | Maximum Price | YoY % Change (Avg) |
|---|---|---|---|---|
| 2027 | $1.05 | $1.16 | $1.30 | +4.5% |
| 2028 | $1.08 | $1.24 | $1.42 | +6.9% |
| 2029 | $1.12 | $1.35 | $1.58 | +9.0% |
| 2030 | $1.18 | $1.49 | $1.78 | +10.4% |
| 2031 | $1.25 | $1.66 | $2.02 | +11.4% |
| 2032 | $1.35 | $1.87 | $2.32 | +12.6% |
Price Prediction Summary
USDY prices are forecasted to appreciate progressively from a 2026 baseline of $1.11, driven by RWA tokenization boom, multi-chain expansions, and DeFi utility. Average prices could reach $1.87 by 2032 in base case, with max premiums up to $2.32 in bullish adoption scenarios and mins reflecting potential yield compression or market dips.
Key Factors Affecting Ondo Finance USDY Price
- Explosive growth in tokenized US Treasuries (>$10B TVL, +7% weekly gains)
- Multi-chain deployments (Sei, BNB, Noble, Cosmos) boosting DeFi liquidity and use cases
- Sustained yields (3.63% current) outperforming traditional stablecoins amid falling rates
- Regulatory tailwinds for RWAs and institutional inflows
- Competition dynamics with USYC (3.01% yield, $1.69B cap) and broader RWA market expansion
- US interest rate environment and global demand for dollar-denominated yield assets
Disclaimer: Cryptocurrency price predictions are speculative and based on current market analysis.
Actual prices may vary significantly due to market volatility, regulatory changes, and other factors.
Always do your own research before making investment decisions.
TVL growth – USDY at $1.20 billion versus USYC’s dominance – highlights how chain-specific optimizations drive adoption. Sei’s focus on orderbook DEXs complements USDY’s treasury management tools, while BNB Chain amplifies USYC’s scale for yield optimization in perpetuals and liquidity pools.
Investors on Sei will find USDY’s alignment with parallelized execution particularly potent for high-throughput strategies, while BNB Chain users leverage USYC’s entrenched liquidity for everything from staking to options trading. This divergence isn’t just technical; it reflects broader RWA trends where chain choice dictates yield capture in 2026’s maturing DeFi landscape.
Ondo USDY vs Circle USYC: Side-by-Side Comparison
| Metric | Ondo USDY (Sei) | Circle USYC (BNB Chain) |
|---|---|---|
| Current Price | $1.11 | — |
| Yield | 3.63% | 3.01% |
| Market Cap | $1.20B | $1.69B |
| Holders | >17,000 | — |
| Primary Chain Share | Significant presence on Sei | 73% of supply |
| Recent TVL Growth | Big winner in 7% tokenized Treasuries jump | Big winner in 7% tokenized Treasuries jump |
| Key Chain Advantages | High-speed L1 blockchain for fast DeFi, treasury management, payroll funding, DeFi collateral | Native USDC interoperability, near-instant redemption for institutions & treasury management |
DeFi Yield Strategies: Maximizing Returns with t-Bill Tokens
Putting these tokenized US Treasuries to work in DeFi demands tailored approaches. On Sei, USDY shines in lending protocols like Sei Lending, where its $1.11 price stability and 3.63% baseline yield compound through borrows against volatile pairs. Traders can loop positions – deposit USDY as collateral, borrow stablecoins, swap into perps – capturing leveraged yields without the drag of traditional T-bill settlements. Sei’s sub-second speeds make this viable at scale, especially for global funds eyeing on-chain treasury market cap expansion beyond $10.60 billion.
Over on BNB Chain, USYC’s 73% supply dominance fuels ecosystem flywheels. Pair it with PancakeSwap liquidity pools for dual rewards or use in Venus Protocol for overcollateralized loans yielding north of 5% when layered with native incentives. Its USDC interoperability means seamless bridges to Ethereum or Solana DeFi, ideal for institutions rotating capital across RWA treasuries 2026. Yet, USDY’s monthly yield updates offer predictability that USYC’s variable rates sometimes lack, a nuance favoring conservative allocators amid Fed rate uncertainty.
From a cross-market view, these t-bill tokens hedge forex volatility too. As a global analyst, I’ve seen dollar strength buoy USDY and USYC holders during commodity dips, their Treasury backing insulating against crypto drawdowns. With BTC and ETH prices climbing, pairing them in balanced portfolios amplifies diversification without sacrificing liquidity.
Risks, Regulations, and the Road Ahead
No yield comes risk-free. USDY’s non-U. S. focus sidesteps some regs but exposes users to Ondo’s black-box fund management, where monthly audits provide reassurance yet not full transparency. USYC, backed by Circle’s compliance pedigree, fares better for institutions but trades at a premium liquidity cost on BNB Chain during congestion spikes. Both face interest rate risk – if Treasuries dip below 3%, yields compress – and smart contract vulnerabilities linger, though audited protocols mitigate this.
Regulatory winds favor growth; U. S. clarity on tokenized assets could propel TVL past $20 billion by year-end, with Sei and BNB Chain vying for RWA hubs. Ondo’s multichain aggression positions USDY for Cosmos-wide dominance, while Circle’s USYC eyes BlackRock-style ETF integrations. For DeFi yield hunters, the choice boils down to speed (Sei/USDY) versus scale (BNB/USYC), but blending both via bridges unlocks hybrid strategies.
Global adoption metrics tell the story: USDY’s 17,000 holders signal retail momentum on Sei, contrasting USYC’s institutional tilt. As tokenized US Treasuries comparisons intensify, these leaders redefine fixed-income in blockchain, offering yields that traditional banks envy. With USDY at $1.11 holding firm above its $1.10 daily low and the sector’s 4.35% weekly gain, 2026 shapes as the year RWAs go mainstream, rewarding early movers on high-performance chains.
