According to PANews, the Aptos Foundation has announced the launch of Ondo Finance's yield stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain. USDY is a financial instrument backed by U.S. Treasury bonds and is available for use by non-U.S. residents through the Aptos blockchain. This digital asset has not been registered under the U.S. Securities Act. The Aptos Foundation highlighted in its announcement that stablecoins have advantages in serving underserved communities and promoting financial democratization.