Ondo Integrates USDY with Stellar for Yield-Bearing RWAs in Global Payments
The post Ondo Integrates USDY with Stellar for Yield-Bearing RWAs in Global Payments appeared on BitcoinEthereumNews.com.
Ondo Finance and the Stellar network have joined forces to expand blockchain access, unlocking new opportunities for real-world asset financing. With the partnership, Stellar will showcase its ability to manage large-scale activity efficiently by processing a high volume of transactions. Ondo Finance, one of the largest issuers of tokenized US Treasury bonds, has revealed plans to launch United States Dollar Yield (USDY) on the Stellar network. This partnership is set to enhance the cross-border payment capabilities of USDY, bringing increased efficiency and security to institutional workflows. According to the announcement made on X, this integration will go live in the coming months, providing the cryptocurrency ecosystem with new avenues for growth. Ondo will be bringing USDY to the @StellarOrg network, offering yield-bearing RWAs to Stellar’s global ecosystem of treasury management, collateralization, and global payments services, with over 400,000 global cash on and off ramps. Stellar connects global finance onchain with… pic.twitter.com/1wUB0wBuQG — Ondo Finance (@OndoFinance) February 6, 2025 For context, USDY is a yield-bearing stablecoin backed by short-term US Treasury bonds and bank demand deposits, offering institutions a stable and secure investment option. With a focus on regulatory compliance and institutional-grade security, Ondo Finance is positioning USDY as a more stable and yield-generating alternative to traditional stablecoins like USDT and USDC. USDY’s Integration with Stellar Analyzing the report, CNF found that Stellar was selected for USDY’s deployment due to its strong alignment with Ondo Finance’s objectives of offering secure, compliant, and efficient financial solutions. Stellar’s built-in compliance features ensure that USDY adheres to industry standards for security and regulatory requirements, providing a seamless experience for institutional users. Additionally, Stellar’s global distribution network, which spans over 180 countries, offers the necessary channels for USDY’s widespread adoption, increasing its accessibility and visibility across the globe. Deploying USDY on the Stellar network is…
Filed under: News - @ February 8, 2025 6:25 am