Summary
Ondo plans to issue USDY, a tokenized note backed by U.S. Treasuries with a 5.2% annual yield on multiple platforms by the end of the second quarter of the year.
Key Points
1. Ondo plans to issue the first asset natively via Noble, which is USDY, a tokenized note backed by short-term U.S. Treasuries offering a 5.2% annual yield.
2. USDY is currently available on Ethereum, Solana, Mantle, and Sui, targeting the end of the second quarter of this year for its release on Noble.
3. This move by Ondo showcases their commitment to expanding their offerings and providing users with more options for earning yield through tokenized assets.