USDY: Bridging stable Earnings to Stellar Users
Ondo Finance introduces USDY, a groundbreaking yield-generating stablecoin, to the stellar blockchain. This innovation features backing from secure U.S. treasury bills and bank deposits, ensuring stability plus growth.
USDY is tailored for users seeking both the safety of traditional cash storage and the benefits of digital assets. this stablecoin allows people, small enterprises, and corporate entities to make the most of thier funds by earning daily interest.
- Boosts value preservation by earning yield.
- omits the risk of losing liquidity for daily transactions.
- Ideal for treasury operations requiring round-the-clock accessibility.
The potential extends further within Stellar’s decentralized finance framework. USDY serves as a lending instrument, opening new ways for users to engage economically across borders more efficiently.
Digital payment等候 periods typically leave funds inactive.Though, with USDY, these balances can continuously accumulate rewards until final settlements.LOBSTR, Aquarius, and Decaf Wallet, among others, already embrace USDY for diverse user needs.
Denelle Dixon,head of the Stellar Progress Foundation,praises,”USDY significantly expands the functionalities within Stellar’s global system.”
Until this development, Stellar has provided other non-yielding stablecoins such as USDC and EURC. ian De Bode, Ondo finance’s strategic leader, affirms, “USDY innovatively merges the stability of cash with the growth power of U.S. Treasuries.”
