Ondo Finance, the leader in tokenized real-world assets, today announced the launch of United States Dollar Yield (USDY), its institutional-grade yieldcoin, on the Stellar network. The integration enables global users on the Stellar network to access permissionless high-quality, yield-bearing assets tied to tokenized U.S. Treasuries for the first time on Stellar.
Trusted by institutions and widely used for payments, remittances, and treasury management, Stellar provides a powerful platform for USDY. With this deployment, USDY combines the low-cost and near instant speeds of the Stellar network, with onchain yield backed by tokenized Treasuries, unlocking new opportunities across global payments and financial applications.
“Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Launching USDY on Stellar extends these benefits to one of the world’s most established payment-focused blockchain networks.”
“Fast, affordable cross-border payments is at the center of what the Stellar network was designed to do,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users.”
Expanding the Stellar ecosystem with yield-bearing assets
With over $650M in TVL across 9 blockchains, USDY currently offers a 5.3% APY and enables global (non-US) individual and institutional investors on Stellar to access the utility of stablecoins combined with an attractive yield and institutional-grade investor protections. By deploying USDY on Stellar, Ondo Finance is enabling balances on the network to become productive for the first time, enhancing both institutional and retail use cases, such as onchain savings, treasury management, cost-effective collateral in DeFi, and cross-border payments.
About Ondo Finance
Ondo is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain. For more information, visit https://ondo.finance.
The Stellar Network
The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders smart contracts functionality and a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions of operations with millions of accounts since the network was first launched.
Disclaimer: The USDY Tokens are not being offered or sold, and will not be offered or sold, in the United States or to US persons. In addition, the USDY Tokens have not been registered under the Securities Act of 1933, as amended (the “Act”) or the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the United States or to US persons unless the securities are registered under the Act, or an exemption from the registration requirements of the Act is available. Additional limitations on transfer also apply.