Ondo Finance announces plans to deploy USDY, its yield-bearing stablecoin backed by US Treasuries, on the Stellar network in the coming months. The integration will enable Stellar users to access institutional-grade yield-bearing assets for treasury management, cross-border payments, and wealth preservation.
Ondo Finance has announced its intention to deploy United States Dollar Yield (USDY) on the Stellar blockchain, bringing an institutional-grade, yield-bearing stablecoin alternative to Stellar's ecosystem. USDY is backed by high-quality short-term US Treasuries and bank demand deposits. The deployment will unlock new use cases including treasury management and collateralization, enhanced cross-border payments with improved capital efficiency, and wealth preservation for individuals and businesses. For USDY, the Stellar integration provides access to institutional-grade compliance features, global distribution channels across 180+ countries, and a trusted network of payments providers. The announcement positions Stellar as a key distribution channel for tokenized real-world assets and institutional-grade finance.
