Is Ondo US Dollar Yield halal?

Ondo US Dollar Yield is a token that represents real-world assets. It is issued as a token on Ethereum.

Ondo US Dollar Yield fails a hard rule of our screen on the Riba-free criterion (15 out of 100). Tagged as tokenised treasuries or yield-bearing stablecoins. The return comes from interest-bearing debt.

USDY price

$1.15

−0.07% 24h

Market value

$2.36B

rank #45

From all-time high

−9.1%

high $1.26

Shariah screen result

Fails screenAutomated screen · Method v1.0 · data 16 Oct 2026

57/100

Screen index
mean of the five criteria

Riba-freeno reliance on interest

Tagged as tokenised treasuries or yield-bearing stablecoins. The return comes from interest-bearing debt.

Claritylow excessive uncertainty

Large and widely traded (market value about $2.4 billion).

Not maysirproductive, not gambling

Nothing in its public tags points to gambling-style mechanics.

Asset-backingreal value underneath

Whether the backing is permissible depends on the specific assets.

Use-casepermissible purpose

Its purpose is not clear from public data.

How this was made: we scored the coin's public category tags and market size against the same five criteria and thresholds we use in our reviewed screen. Nobody has yet read its whitepaper or checked its revenue. This is a screening result, not a fatwa. Scholars may reach different views, so check with a qualified scholar before relying on it.

Tags used:Real World Assets (RWA)Yield-Bearing Stablecoin

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A screening result, automatic or reviewed, reflects our published method on the date shown. It is not a fatwa and not a recommendation to buy, sell or hold any asset. Where scholars differ, consult a qualified scholar. Crypto involves substantial risk, including the loss of your capital. Market data from CoinGecko may be delayed or wrong.