Ondo Finance's revenue-generating treasury stablecoin USDY is now live on Aptos
The Aptos Foundation has announced the launch of Ondo Finance's income-based stablecoin stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain, according to Cointelegraph.
USDY is described as a financial instrument backed by U.S. Treasuries and is available to non-U.S. residents through the Aptos blockchain, and the digital asset has not yet been registered under the U.S. Securities Act.In its announcement, the Aptos Foundation noted that stablecoins have advantages in providing services to underserved communities and democratizing finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US steps up pressure! Nearly 90% of economists bet the Bank of Japan will raise interest rates to 1.25% on Friday
Amid inflation and U.S. pressure, nearly 90% of experts expect the Bank of Japan to hike interest rates by 25 basis points to 1.25% this Friday, further increasing volatility in the yen exchange rate.
Evercore ISI reaffirms “Outperform” rating on Netflix (NFLX.US), optimistic about live sports broadcasts and short videos as blockbuster growth engines
Evercore ISI has raised the price target for the streaming platform Netflix (NFLX.US) from $100 to $110 and reiterated its "outperform" rating.
$44.8 million per shipment! The cost of transporting US crude oil to Asia hits a record high
As Middle Eastern supply disruptions intensify and buyers scramble to secure energy sources, the cost of shipping U.S. crude oil to Asia has soared to a new record.
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
