Mantle and Ondo Finance launch RWA-backed USDY yield token
On November 7th, Mantle Network, an Ethereum Layer2 network, partnered with Ondo Finance, a tokenized financial product platform, to launch a token called USDY that generates income supported by real-world assets. USDY is similar to USDT or USDC and is a tokenized note secured by short-term US Treasury bonds and bank demand deposits. Holders receive income generated by the underlying assets in the form of accumulated token value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda prepares to send its hydrogen tech to space
Share link:In this post: Honda is working with Sierra Space and Tec-Masters, two space technology companies, to try their high-differential pressure water electrolysis system. Honda aims for hydrogen to help it get all of its cars off carbon by 2040. Honda says it will work with NASA to get the equipment to the ISS on Sierra Space’s Dream Chaser space plane.
ETH just had lowest quarterly return since Q2 2022: Blockworks Research
The network is at a “pivotal juncture,” Blockworks Research’s Marc-Thomas Arjoon said
Riot Platforms Hits Post-Halving Bitcoin Production High as It Expands AI Capacity
Solana Price Pattern Points to a 65% Surge as Key Metric Beats Ethereum by Far
Trending news
MoreCrypto prices
More
