Ondo Finance is integrating its USDY stablecoin into GRVT's Earn product, allowing users to earn yield on dollar balances while retaining the ability to trade them. USDY, which carries an approximate 3.5% yield, will feed into GRVT Earn's base rate for account holders.
GRVT plans to build a $100 million position in USDY over the next year, according to the integration announcement. Tokenized Treasury debt instruments have grown in crypto as institutions seek onchain dollar exposure tied to U.S. debt markets.
Ondo Finance manages roughly $2.14 billion in USDY assets under management. USDY is a tokenized Treasury fund that holds short-duration U.S. debt, settling onchain daily with a yield that corresponds to current Treasury rates. The token trades on multiple blockchains and decentralized exchanges, allowing holders to move or liquidate positions without exiting the yield stream.
GRVT operates a trading and custody platform focused on institutional and professional crypto operators. Integrating USDY into Earn means balances held in GRVT accounts will accrue yield automatically while users can place trades, borrow against holdings, or withdraw the balance at any time. That combination of yield plus tradability has become a core competitive feature among platforms targeting crypto traders who hold dollar stablecoins for months at a time.
Stablecoin yield products have embedded themselves into trading infrastructure across platforms including Deribit and Bybit. GRVT's $100 million commitment to USDY demonstrates confidence that the combination will drive user deposits to its Earn product.
Ondo has expanded USDY distribution across lending protocols, exchanges, and custody platforms throughout 2026. Each integration adds a new onramp for users seeking yield without leaving their primary trading or holding venue. The GRVT partnership broadens USDY's reach into an institutional trading segment that values liquidity as much as rate of return.
