Ondo US Dollar Yield (USDY) is a decentralized lending protocol designed to support a wide range of assets while maintaining transfer restrictions for permissioned tokens. It offers non-US users easy access to US dollar-denominated yields with stablecoin-like convenience. Utilizing blockchain technology and smart contracts, USDY ensures transparent, secure transactions, reduces reliance on intermediaries, and lowers costs, making it an attractive option for stability and returns in the cryptocurrency market.
You can view, swap, send and receive USDY tokens directly from your MEW Wallet. To receive your USDY tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the USDY token information page. You can send your USDY tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your USDY tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.