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
Bitget Onchain — Going Onchain, Without Going Onchain


Up to 50% BGB rebates: Deposit & buy crypto with VND today!
Hang Seng Index falls below 20,000 points
Trending news
MoreCrypto prices
More








