Ondo Finance and Noble Chain reach cooperation to introduce tokenized bill product USDY
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.
You may also like
Ethereum Boosts Altcoin Surge with Significant Rally
In Brief Ethereum surged nearly 20%, fueling a broader altcoin rally. Technical indicators show strength, yet new altcoin season debate persists. Growth in ETH and altcoins challenges Bitcoin's dominance amid market shifts.
Ethereum Outshines Bitcoin with Impressive Surge
In Brief Ethereum's price surged past $1,900, outpacing Bitcoin significantly. Institutional investments drove Ethereum's substantial upswing post-Pectra update. Potential record surge may push Ethereum above $6,000, exciting cryptocurrency enthusiasts.
Crypto Boom: Bitcoin Surges Amid Dramatic Market Shifts
In Brief Bitcoin has surged past $103,000, with altcoins seeing noteworthy gains. Strategists recommend seizing buying opportunities during altcoin corrections. Anticipated events could bring further volatility to crypto markets.
Hedera (HBAR) To Rise Further? Key Breakout Signals Potential Upside Move
Trending news
MoreCrypto prices
More
