Posted 2/22/2024, 3:00:00 PM
Ondo Finance Brings USDY Stablecoin and DeFi to Aptos Blockchain
- Ondo Finance integrates its tokenized US treasury-backed stablecoin, USDY, onto the Aptos blockchain
- USDY is secured by short-term US Treasuries and bank deposits
- Partnership between Ondo Finance and Aptos Foundation to explore solutions combining real-world assets and yields on Aptos
- Ondo will also integrate USDY with Thala, a DeFi protocol on Aptos, offering liquidity via AMM pools
- Thala is the largest Aptos protocol by total value locked