Ondo and Noble collaborate to launch the native yield stablecoin USDY on Cosmos
ChainCatcher news, Noble and Ondo have collaborated to launch the first native yield stablecoin USDY on Cosmos. USDY is a tokenized note backed by short-term U.S. Treasury bonds and U.S. bank demand deposits. It is reported that several other DeFi projects will also utilize USDY, including Injective, Osmosis, Kujira, and Pyth.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Mention the project
