Ondo USDY Alternatives: Similar RWA Protocols Compared

Ondo USDY carries a risk grade of C (46/100) and ranks #59 of 77 rated RWA protocols. Below are 76 RWA protocols ranked by safety — from safest to riskiest. 58 of these protocols score lower (safer) than Ondo USDY, and 18 score higher (riskier).

The single safest alternative is Paxos Gold (B+, 20/100 — 26 points safer than Ondo USDY). See the Ondo USDY vs Paxos Gold comparison to weigh the tradeoffs.

Current Protocol

RWA

Risk

C

Value

B

TVL

$2.6B

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

Paxos GoldSafer

B+

A-

$1.8B

2

SpikoSafer

B

C-

$2.2B

3

Ethena USDtbSafer

B

B

$356M

4

Paxos GoldSafer

B

B+

—

5

OpenEden TBILLSafer

B

D

$256M

6

Superstate USTBSafer

B

D-

$769M

7

B-

D-

$41M

8

B-

C-

$82M

9

VanEck Treasury FundSafer

B-

D

$192M

10

Circle USYCSafer

B-

D

$3.0B

11

MatrixDock XAUMSafer

B-

B-

$63M

12

WisdomTreeSafer

B-

D-

$808M

13

Asseto AoABTSafer

B-

C-

$24M

14

Blockchain CapitalSafer

B-

D

$964M

15

B-

C

$14M

16

KAIOSafer

B-

D

$43M

17

BlackRock BUIDLSafer

B-

C

$3.5B

18

B-

C

$9M

19

Theo Network thBillSafer

B-

D-

$69M

20

B-

C

$114M

21

Invesco USTBSafer

B-

B

$754M

22

Apollo Diversified Credit Securitize FundSafer

B-

D-

$115M

23

B-

B-

$485M

24

LoftySafer

B-

C-

$99M

25

B-

B-

$110M

26

Plume NetworkSafer

B-

C

$50M

27

Anemoy CapitalSafer

B-

D

$864M

28

CentrifugeSafer

B-

C+

$1.6B

29

B-

D+

$163M

30

B-

C

$11M

31

Sygnum FIUSD Liquidity FundSafer

B-

D-

$24M

32

Aave Horizon RWASafer

B-

B-

$258M

33

B-

C-

$4M

34

ComTech GoldSafer

B-

C

$5M

35

OpenEden USDOSafer

B-

D-

$25M

36

ReSafer

B-

C-

$262M

37

Superstate USCCSafer

B-

D

$228M

38

LiqiSafer

C+

D-

$106M

39

C+

D-

$51M

40

Securitize Tokenized AAA CLO FundSafer

C+

D

$106M

41

Figure Markets Democratized PrimeSafer

C+

C+

$186M

42

Tether GoldSafer

C+

A-

$2.9B

43

Estate ProtocolSafer

C+

D+

$14M

44

Franklin Templeton BENJISafer

C+

C

$1.0B

45

C+

B-

$247M

46

C+

B+

$3.0B

47

Ondo FinanceSafer

C+

B+

$2.6B

48

Credit CoopSafer

C+

C

$5M

49

KasuSafer

C+

C-

$11M

50

Pareto CreditSafer

C+

C-

$227M

51

Pleasing GoldSafer

C+

C

$88M

52

Figure MarketsSafer

C+

C-

$1.6B

53

GAIBSafer

C+

C

$20M

54

C+

D+

$14M

55

AFI ProtocolSafer

C

C

$226M

56

C

C-

$157M

57

C

D-

$8M

58

C

C-

$349M

59

Ondo Global Markets

C

C+

$911M

60

C

D

$111M

61

C

D+

$10M

62

C

F

$60M

63

C

C-

$17M

64

C

B+

$247M

65

C

C-

$43M

66

C

C-

$112M

67

C

D+

$22M

68

C

D+

$21M

69

C

D+

$2M

70

C

C+

$111M

71

C

D+

$23M

72

C-

D

$23M

73

Mountain Protocol

C-

B

—

74

C-

D-

$2M

75

C-

D

$157M

76

D

C

$157M

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