Ondo Finance: Treasury tokenized product USDY is about to be launched on Sei Network

avatar
ODAILY
07-18
This article is machine translated
Show original
Planet Daily News: According to official information, RWA tokenization platform Ondo Finance announced that its flagship product, United States Dollar Yield (USDY), will officially go online on the network, becoming the first on-chain government bond asset deployed on this ultra-high-speed Layer1 blockchain. Currently, USDY has been deployed on multiple blockchains, with a Total Value Locked (TVL) exceeding $680 million, offering an annual yield of 4.25% (updated monthly), targeting individual and institutional investors globally (excluding the United States), combining the liquidity advantages of stablecoins with high-level investor protection mechanisms from traditional finance.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments