USDY Stablecoin Adds Yield Benefits to Stellar Network
Ondo Finance introduces USDY, a new US dollar-backed stablecoin offering daily yield benefits, now live on the Stellar network. This breakthrough product merges stability with earnings potential, targeting individuals and businesses.
USDY aligns with short-term U.S. Treasuries and bank deposits, ensuring steady value while generating daily returns. Users retain seamless accessibility, enabling them to leverage USDY for spending or investment purposes.
Key features include:
- Liquidity retention alongside income generation
- Collateral usage in Stellar’s DeFi space for loans and transactions
- Enhanced yield during cross-border payment processes
Denelle Dixon, CEO of the Stellar Development Foundation, highlighted the meaning of integrating收益率-bearing assets like USDY into the广泛的Stellar system.
USDY is pre-integrated into key stellar applications such as LOBSTR, Aquarius, and Meru, allowing immediate deployment. This sets it apart from other stablecoins like USDC and EURC,which lack yield-generating capabilities.
Ian De Bode of ondo Finance noted, “USDY integrates U.S. Treasury benefits onto blockchain, offering stable payment tools with added liquidity and yield.” This creates diverse opportunities for financial strategies on Stellar.
