Ondo US Dollar Yield

CRYPTO:USDY: Is Ondo US Dollar Yield Halal?

Ondo US Dollar Yield

CryptoCryptocurrencyGlobal

$1.14

-0.17%

Market Cap: 2.2B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Ondo US Dollar Yield (CRYPTO:USDY) halal? Not Halal. Based on AAOIFI screening, Ondo US Dollar Yield has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Its use case or protocol involves prohibited activities.

Failed

What this means for you

Most scholars advise not holding USDY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Ondo's USDY is backed by short-term US Treasuries and bank deposits, paying interest (Riba).

Screening Methodology

Cryptocurrencies are screened qualitatively based on their primary use case, underlying protocol mechanics, and involvement in prohibited activities. Financial ratio screening (AAOIFI) does not apply to crypto assets as they lack traditional financial statements.

Ondo's USDY is backed by short-term US Treasuries and bank deposits, paying interest (Riba).

Compliance History

  1. Not Halalnow

    current status

  2. Doubtful

    until the change above

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: COINGECKO

Halal Alternatives in Cryptocurrency

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

Bitcoin
CRYPTO:BTCA

Bitcoin

$64,740.00

+1.40%

Ethereum
CRYPTO:ETHA

Ethereum

$1,860.48

+1.17%

XRP
CRYPTO:XRPA

XRP

$1.09

+0.47%

BNB
CRYPTO:BNBA

BNB

$570.76

+0.63%

Solana
CRYPTO:SOLA

Solana

$75.52

+0.65%

More Cryptocurrency Stocks

CRYPTO:BTC

Bitcoin

A

CRYPTO:ETH

Ethereum

A

CRYPTO:USDT

Tether

C+

CRYPTO:XRP

XRP

A

CRYPTO:BNB

BNB

A

CRYPTO:USDC

USDC

C+
Free · No credit card required

Track CRYPTO:USDY and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Ondo US Dollar Yield (CRYPTO:USDY) halal to invest in?
Ondo US Dollar Yield (CRYPTO:USDY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Ondo US Dollar Yield get a F compliance rating?
Ondo US Dollar Yield's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.
What could change Ondo US Dollar Yield's Shariah verdict?
Ondo US Dollar Yield's verdict could change if the protocol's primary use case or tokenomics shift. For example, if staking mechanisms gain or lose interest-like characteristics, or if governance votes alter the network's fundamental activity. HalalScreener monitors these qualitative factors and updates when significant changes occur.
How often is Ondo US Dollar Yield re-screened for Shariah compliance?
Crypto assets on HalalScreener are reviewed qualitatively whenever material protocol changes occur (major upgrades, tokenomics changes, governance decisions). There is no fixed frequency; HalalScreener monitors announced changes and updates verdicts when the underlying facts shift. The last review date is shown above.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.