Ondo Finance has teamed up with LayerZero to enhance its USDY stablecoin, making it fungible across multiple blockchain networks, including Ethereum, Mantle, and Arbitrum. This move allows users to access USDY and its tokenized U.S. Treasurys without minting new tokens or swapping assets. USDY offers a 4.9% APR and is backed by bank deposits and Treasury bills. With a TVL exceeding $450 million, USDY is available on eight blockchains. Ondo leads the tokenized US Treasury market, boasting a TVL of $650 million, amidst a rapidly growing $2.5 billion market for tokenized Treasury products.