The rankings among onchain U.S. Treasury yield products are shifting: Ondo’s USDY reportedly reached about $2.37 billion in size, surpassing BUIDL to become one of the most closely watched products in the RWA sector.
This is more than a change in rankings by size; it also reflects the diverging preferences of onchain capital for compliant access, underlying yields, and liquidity arrangements. For $ONDO , growth in size can strengthen its brand and distribution network, but what matters more going forward is yield stability, the redemption experience, and access to new institutional channels.
The short-term rankings are worth watching, but the real test is the ability to attract and retain capital sustainably.
#RWA #Ondo
This is more than a change in rankings by size; it also reflects the diverging preferences of onchain capital for compliant access, underlying yields, and liquidity arrangements. For $ONDO , growth in size can strengthen its brand and distribution network, but what matters more going forward is yield stability, the redemption experience, and access to new institutional channels.
The short-term rankings are worth watching, but the real test is the ability to attract and retain capital sustainably.
#RWA #Ondo