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Ondo Finance Launches Yield-Bearing USDY Stablecoin on Stellar

Backed by short‑term Treasuries plus bank deposits, the token accrues daily yield without sacrificing liquidity.

Overview

  • The asset is already integrated with LOBSTR, Aquarius, Meru, Soroswap, and Decaf Wallet for immediate access.
  • Users can deploy USDY as DeFi collateral and earn on funds held during cross-border transfers until settlement.
  • Stellar Development Foundation CEO Denelle Dixon endorsed the launch as expanding onchain capabilities for wallets and businesses.
  • Ondo characterizes USDY as the first automatically yield‑accruing stablecoin of its type available on Stellar.
  • Ondo reports roughly 5.3% APY and says USDY has attracted more than $650 million in TVL across nine blockchains.