RWA protocol Ondo Finance expands its flagship product USDY to the Sui network

ChainCatcher news, according to The Block, Ondo Finance announced that its USDY stablecoin will expand to Mysten Labs' Layer1 Sui blockchain. The company stated: This expansion will bring the first dollar-denominated native token to the Sui Network (including stablecoins and interest-bearing stablecoin alternatives). USDY is a tokenized note backed by short-term U.S. Treasury securities and bank demand deposits.