Ondo and Noble collaborate to launch the native yield stablecoin USDY on Cosmos.
Sep 11, 2024 23:41:40
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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.
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