Market News

US Digital Asset Firm Ondo Unveils USDY Yieldcoin on Stellar Network

Ondo Finance, a prominent U.S.-based digital asset firm, is expanding its flagship yieldcoin, USDY, to the Stellar network.

This development aims to integrate tokenized U.S. Treasuries with Stellar’s efficient payment infrastructure, enhancing access to yield-generating opportunities for users worldwide.

The official announcement was made during the Stellar Meridian event held in Copacabana, Brazil, on September 17.

USDY, now operational on Stellar, offers a unique blend of stability and liquidity, allowing investors to engage with on-chain assets backed by U.S. government securities.

By launching on Stellar, Ondo supports fast and affordable cross-border transactions, aligning with the blockchain's foundational goals.

Ian De Bode, CSO of Ondo Finance, emphasized how USDY not only represents the next step in digital asset accessibility but combines traditional finance with cutting-edge technology.

With over $650 million in total value locked (TVL) and an annual percentage yield of 5.3%, USDY is positioned to appeal to both retail and institutional investors globally.

This integration offers Stellar users access not just to stable-value assets, but also to institutional-grade yield, transforming how treasury management and asset allocation can be approached on-chain.

As tokenization continues to evolve, Ondo Finance's move onto the Stellar network showcases the potential of blockchain in reshaping financial systems into more accessible and productive platforms.

Ultimately, this partnership highlights the ongoing shift towards leveraging digital assets for enhanced financial opportunities in the global market.