|
Getting your Trinity Audio player ready...
|
- USDY offers 5.3% yield backed by U.S. Treasuries.
- Now live on five Stellar apps for payments, savings, and DeFi.
- Expands global access to yield-bearing stablecoins.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Ondo Finance has launched its yield-bearing stablecoin USDY on the Stellar network, unlocking new ways for global users to access U.S. Treasury–backed returns. The announcement came during the Stellar Meridian event in Rio de Janeiro on September 17, marking a major step in bridging traditional finance with blockchain-based payments.
Yield-Bearing Stablecoin Meets Fast, Low-Cost Payments
USDY—often called a “yieldcoin”—is backed by short-term U.S. Treasuries and currently manages over $650 million across nine blockchains. It offers holders an annual yield of 5.3% while maintaining dollar stability. By deploying on Stellar, Ondo Finance aims to make this product available to both retail users and institutions through Stellar’s fast, low-fee payment rails.
Denelle Dixon, CEO of the Stellar Development Foundation, said the integration aligns with Stellar’s mission: enabling affordable cross-border payments while adding new layers of utility for users and businesses worldwide.
USDY, Ondo’s flagship yieldcoin, is now live on @StellarOrg.
— Ondo Finance (@OndoFinance) September 17, 2025
Stellar’s expansive global network connects finance onchain with real-world solutions. Now, with USDY, it extends to real-world assets.
Together, we’re unlocking access to yield for global economies. pic.twitter.com/B0exhqTAvB
New Opportunities for Institutions and DeFi
Ondo Finance says balances held in USDY on Stellar can do more than sit idle. They can serve as collateral in DeFi protocols, power institutional treasury strategies, or earn yield on remittance flows. This opens the door for investors outside the U.S. to gain exposure to Treasuries without losing blockchain-based liquidity.
Chief Strategy Officer Ian De Bode noted, “Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain.”
Also Read: Ondo Finance ONDO Surges 15% as Tokenized Assets Drive DeFi Growth
USDY Goes Live on Five Stellar Apps
USDY is already available on five Stellar-based platforms: LOBSTR, Aquarius, Meru, Soroswap, and Decaf Wallet. Users can now access daily yield accrual for payments, savings, and lending activities. This integration supports Stellar’s broader push to connect onchain finance with real-world use, providing an accessible route for capital-efficient cross-border transfers.
Ondo Finance’s launch on Stellar signals growing demand for yield-bearing stablecoins that merge traditional safety with blockchain speed. It could set a precedent for how real-world assets enter decentralized finance, especially in emerging markets seeking dollar stability and return generation.
Stay ahead with real-time updates and insights—Join our Telegram channel!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
