STBL announced that it will invest 50 million USD in Ondo USDY as the main collateral for its stablecoin USST
ChainCatcher news, according to Cointelegraph, the stablecoin protocol STBL announced a strategic partnership with the RWA protocol Ondo Finance.
According to the cooperation agreement, STBL will issue USST tokens worth 50 million dollars, using Ondo dollar yield tokens with USDY as the primary collateral. USST will circulate as uncollateralized assets in the DeFi space.
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