The Stellar Development Foundation announced that Ondo Finance's yield-bearing stablecoin USDY, backed by U.S. Treasuries and bank deposits, will launch on Stellar in the coming months. This expands Stellar's real-world asset ecosystem alongside issuers like Circle, Paxos, and Franklin Templeton.
Ondo Finance is bringing its USDY stablecoin to the Stellar network, joining other major digital asset issuers in tokenizing real-world assets on the platform. USDY is backed by high-quality short-term U.S. Treasuries and bank demand deposits, offering yield to holders. The stablecoin will be available to non-U.S. individuals and institutions and will leverage Stellar's global network of wallets, exchanges, and banking partners for distribution across 180 countries. Key use cases include treasury management, cross-border payments, and wealth preservation, with USDY providing 24/7 liquidity and near-instant settlement at low costs.
