The Aptos Foundation announces the launch of Ondo Finance’s yield-bearing stablecoin, USDY, on the Aptos blockchain, aiming to serve underserved communities and democratize finance.
Points
- Ondo Finance launches yield-bearing stablecoin USDY on Aptos.
- The stablecoin aims to serve underserved communities.
- USDY integrates with DeFi protocols for increased accessibility.
- Stablecoin issuers becoming significant buyers of US government debt.
The Aptos Foundation, which fosters development on the Aptos decentralized network, announced the launch of Ondo Finance’s yield-bearing stablecoin, Ondo US Dollar Yield （USDY）, on the Aptos blockchain.
https://x.com/OndoFinance/status/1816888261811302731
Stablecoin Issuers as Significant Buyers of US Debt
Oddly enough, stablecoin issuers and other companies within the crypto industry are becoming large buyers of US government debt.
https://x.com/bluechip_org/status/1816859787910643951
According to the strategist, tokenized Treasury offerings from BlackRock and Securitize will attract more capital to the tokenized US debt instrument market.
The analyst noted that BlackRock’s Institutional Digital Liquidity Fund （BUIDL） is already the world’s largest tokenized Treasury investment fund.
解説
- The launch of USDY on Aptos expands the accessibility of yield-bearing stablecoins.
- Stablecoins like USDY play a crucial role in democratizing finance and serving underserved communities.
- The integration of stablecoins with DeFi protocols enhances their utility and accessibility.
- Stablecoin issuers’ significant investments in US government debt highlight their growing influence in traditional financial markets.