Ondo US Dollar Yield (USDY)

Amid yesterday's Drift exploit, Ondo's incident response team acted quickly to protect users. We successfully froze all USDY stolen by the exploiter.

As the market leader in tokenized permissionless securities, our assets are permissionless and freely transferable onchain across wallets, protocols, and chains (outside the U.S. and subject to certain restrictions).

That openness is fundamental to what makes tokenized real-world assets composable and useful. Responding to hacks promptly is a crucial piece of our strategy to deliver institutional-grade finance onchain. The permissionless future depends on safety at the asset level.

While these events are deeply saddening, we remain committed to DeFi, with unparalleled integrations across multiple ecosystems. Expanding access to open financial infrastructure is not without its challenges, but we believe those challenges are worth confronting to build toward the permissionless financial future.

Amid yesterday's Drift exploit, Ondo's incident response team acted quickly to protect users. We successfully froze all USDY stolen by the exploiter.

As the market leader in tokenized permissionless securities, our assets are permissionless and freely transferable onchain across wallets, protocols, and chains (outside the U.S. and subject to certain restrictions).

That openness is fundamental to what makes tokenized real-world assets composable and useful. Responding to hacks promptly is a crucial piece of our strategy to deliver institutional-grade finance onchain. The permissionless future depends on safety at the asset level.

While these events are deeply saddening, we remain committed to DeFi, with unparalleled integrations across multiple ecosystems. Expanding access to open financial infrastructure is not without its challenges, but we believe those challenges are worth confronting to build toward the permissionless financial future.