USDY to ETH: Ondo US Dollar Yield vs Ethereum in rupee terms
1 USDY =
0.00048046 ETH
1 USDY = ₹108.9 · 1 ETH = ₹2,26,660 · 1 ETH = 2,081.36 USDY
Snapshot 23 October 2026; updating to live…
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Over the 12 months to 23 Oct 2026, Ondo US Dollar Yield gained 67.4% against ETH: the ratio went from 0.00028624 ETH to 0.00047917 ETH per USDY. In rupees, USDY rose 12.4% (from ₹96.97 to ₹108.95) while ETH fell 32.9% (from ₹3,38,773.75 to ₹2,27,374.14).
The pair in numbers
- Highest ratio: 0.00072593 ETH on 26 Jun 2026. Lowest: 0.00026377 ETH on 27 Oct 2025. Today's ratio is 34.0% below the high.
- Change against ETH: +15.0% over 30 days, -21.6% over 90 days, +67.4% over 12 months.
- ₹1 lakh put into USDY on 24 Oct 2025 would be worth about ₹1,12,354 now; the same in ETH, about ₹67,117 (before fees, spreads and tax).
- Daily moves: correlation 0.03 (they often move independently); a 1% move in ETH came with about 0.02% in USDY on average. Volatility about 32% a year for USDY and 61% for ETH.
- USDY gained against ETH on 180 of 364 days (49%).
Month-end ratio
| Month | ETH per USDY | Change | USDY (₹) | ETH (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 0.00047917 | +11.8% | ₹108.95 | ₹2,27,374.14 |
| Sept 2026 | 0.00042844 | -9.5% | ₹110.18 | ₹2,57,165.06 |
| Aug 2026 | 0.00047353 | -20.4% | ₹109.13 | ₹2,30,462.35 |
| Jul 2026 | 0.00059477 | -15.8% | ₹109.13 | ₹1,83,482.9 |
| Jun 2026 | 0.00070616 | +26.1% | ₹107.61 | ₹1,52,387.91 |
| May 2026 | 0.00056 | +11.6% | ₹107.57 | ₹1,92,088.32 |
| Apr 2026 | 0.00050166 | -9.9% | ₹107.13 | ₹2,13,551.55 |
| Mar 2026 | 0.00055688 | -2.6% | ₹105.37 | ₹1,89,214.3 |
| Feb 2026 | 0.0005717 | +41.0% | ₹100.55 | ₹1,75,879.55 |
| Jan 2026 | 0.00040555 | +8.8% | ₹100.5 | ₹2,47,810.29 |
| Dec 2025 | 0.00037272 | +1.3% | ₹99.54 | ₹2,67,060.17 |
| Nov 2025 | 0.00036793 | +28.1% | ₹98.29 | ₹2,67,139.92 |
| Oct 2025 | 0.00028729 | — | ₹97.03 | ₹3,37,736.88 |
How this ratio is worked out, and its limits
The ratio is Ondo US Dollar Yield's daily rupee close divided by Ethereum's on the same UTC day, both from CoinGecko's global INR averages (365 shared days). It is not a quote from any exchange's USDY/ETH order book: real pair quotes include spreads and fees, and Indian exchange prices can sit above or below the global average. Past ratios do not predict future ones. Full method: methodology.
Swapping USDY for ETH is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 USDY in ETH?
At the 23 October 2026 snapshot, 1 Ondo US Dollar Yield (USDY) was worth 0.00048046 ETH, because 1 USDY cost ₹108.9 and 1 ETH cost ₹2,26,660. Put the other way, 1 ETH = 2,081.36 USDY. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did USDY beat ETH over the last year?
In rupee terms Ondo US Dollar Yield went up 12.4% and Ethereum down 32.9% between 24 Oct 2025 and 23 Oct 2026, so USDY gained 67.4% against ETH (daily closes, UTC). ₹1 lakh in USDY would have become about ₹1,12,354; in ETH, about ₹67,117.
Is swapping USDY for ETH taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the USDY you give up, valued in rupees at the time of the swap, is taxed at 30% plus 4% cess, losses cannot be set off, and 1% TDS can apply to the transfer. Keep the INR value of both legs for your Schedule VDA.
Can I trade USDY directly against ETH in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct USDY/ETH market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.