Every trade pays 30 bps to the treasury vault. Swept each epoch into Ondo USDY — short-duration US Treasuries and bank demand deposits — and attributed back to holders pro rata.

Rate is measured from USDY NAV and quoted against Franklin OnChain U.S. Government Money Fund (FOBXX). Reference rate only. Stabledollar is an academic project and is not affiliated with, endorsed by, or partnered with Franklin Templeton.