How do Superstate (USTB) and Ondo Finance compare on flagship product?

Superstate (USTB): USTB. Ondo Finance: OUSG / USDY.

How do Superstate (USTB) and Ondo Finance compare on defi integration?

Superstate (USTB): Growing. Ondo Finance: Aave collateral (OUSG).

How do Superstate (USTB) and Ondo Finance compare on issuer type?

Superstate (USTB): Regulated fund company. Ondo Finance: DeFi-native RWA platform.

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Superstate vs Ondo Finance (2026)

Two leading tokenised Treasury issuers compared — USTB versus OUSG/USDY for on-chain fixed income.

Updated June 2026

Option A

Superstate (USTB)

Full guide

Option B

Ondo Finance

Full guide

Criteria	Superstate (USTB)	Ondo Finance
Flagship product	USTB	OUSG / USDY
DeFi integration	Growing	Aave collateral (OUSG)
Issuer type	Regulated fund company	DeFi-native RWA platform
Access	KYC required	KYC — product-dependent
Yield	Short-term Treasuries	Treasuries + money markets

Verdict

Ondo leads on DeFi collateral integrations (OUSG on Aave) and product breadth; Superstate offers a compliant USTB fund structure with growing Ethereum distribution.

Market data changes frequently. For live TVL and rates, see our DeFi tools.