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.
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