Ondo Finance and Noble Chain reach cooperation to introduce tokenized bill product USDY
Mars Finance2024/04/18 12:53
By: Mars Finance
According to Mars Finance news, Ondo Finance announced a cooperation with Noble Chain, a Cosmos-based asset issuance chain, to introduce its tokenized products into the Cosmos ecosystem. The first asset Ondo plans to issue natively through Noble is USDY, a tokenized note backed by short-term U.S. Treasuries with an annual yield of 5.2%, and is targeted for issuance by the end of the second quarter of this year. USDY is currently available on Ethereum, Solana, Mantle, and Sui.
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.
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