Ondo Finance has marked a significant milestone in the decentralized finance (DeFi) landscape with the launch of USDY on the Aptos blockchain. This integration introduces the first tokenized U.S. Treasury asset within the Aptos ecosystem, a move that promises to blend the stability of traditional finance with the innovative potential of DeFi.
Supported by leading protocols such as Aries Markets, Thala, and LiquidSwap, USDY is set to redefine how stablecoins function by offering an attractive yield alongside traditional financial protections.
USDY, renowned for its underlying security backed by U.S. Treasuries, provides a yield of 5.3% APY. This launch not only diversifies the stablecoin options within the Aptos ecosystem but also brings institutional-grade asset security to a broader audience, including global non-US investors.
This strategic deployment on Aptos underscores both Ondo’s and Aptos’ commitment to pioneering the tokenization of real-world assets (RWAs) on a platform celebrated for its scalability, security, and user-centric design.
Deepening Integration in Aptos’s DeFi Ecosystem
The incorporation of USDY into Aptos’s flourishing DeFi scene is a game-changer. With USDY now live across prominent DeFi protocols—collectively managing over $250 million in total value locked (TVL)—the token is poised to enhance liquidity pools, serve as robust collateral for loans, and underpin various financial instruments like Collateralized Debt Positions (CDPs) and derivatives.
This broad utility makes USDY a cornerstone asset in fostering a stable, yet dynamic economic environment on Aptos. For users and developers on Aptos, USDY offers a reliable and secure digital asset that mitigates volatility through its dependable yield, backed by one of the safest asset classes globally—U.S. Treasuries.
Nathan Allman, the Founder & CEO of Ondo Finance, emphasized that the introduction of USDY aligns with their strategic vision to merge the benefits of traditional finance with the flexibility and innovation of DeFi.
Jerome Ong, APAC Ecosystems Lead at the Aptos Foundation, also highlighted that this integration cements Aptos’s status as a leading platform for high-performance DeFi applications, offering a substantial influx of secure, treasury-backed liquidity to the global crypto market.
