Ondo Pushes USDY Deeper Into Solana DeFi
- —USDY is backed by short-term US Treasuries and bank deposits
- —It is a yield-bearing note, not a $1-pegged stablecoin like USDC or USDT
- —Solana integrations let holders use USDY as collateral and liquidity
- —Solana's fast settlement and low fees attract tokenized real-world assets
Why it matters: Tokenized real-world assets are increasingly judged on DeFi utility rather than issuance volume alone.
Source: NewsBTC