The Stellar Development Foundation is pleased to announce the arrival of Ondo Finance and its yield-generating stablecoin, United States Dollar Yield (USDY), on the Stellar network.
USDY, a “yieldcoin” backed by high-quality short-term U.S. Treasuries and bank demand deposits, is set to launch on Stellar in the coming months. Its integration will further enhance the variety of real-world assets available for payments, remittances, and on-chain financial applications.
Expanding Real-World Asset Utility
By leveraging Stellar’s fast, low-cost transactions and extensive on- and off-ramp network, USDY will offer non-U.S. individuals and institutions a compliant, yield-bearing stablecoin with broad financial applications, including:
Treasury Management & Collateralization – With 24/7 liquidity and transparent operations, USDY enables financial institutions to earn yield on idle cash while keeping capital readily available. When used as collateral, it can also help reduce counterparty risk in financial transactions.
Improved Cross-Border Payments – Businesses can optimize their balance sheets by holding USDY instead of maintaining non-interest-bearing pre-funded accounts. With Stellar’s near-instant settlements and minimal transaction costs, companies can efficiently convert funds when needed, improving capital efficiency in global payments.
Wealth Preservation – Individuals seeking stable savings and passive earnings can benefit from USDY’s backing by U.S. Treasuries. As a reliable asset that also functions as an everyday payment tool, it offers a practical solution for financial security and wealth management.
With USDY’s integration, Stellar continues to expand its role in facilitating real-world financial solutions through blockchain technology.
Source: StellarOrg
