The Aptos Foundation has announced the launch of Ondo Finance’s yield-bearing stablecoin, USDY, on the Aptos blockchain. This strategic partnership aims to integrate USDY, which is backed by short-term U.S. Treasuries and bank deposits, into the Aptos DeFi ecosystem. Thala, a leading DeFi protocol on Aptos, will allow USDY to be used as collateral, enhancing its utility and accessibility. This collaboration marks a significant advancement in merging traditional financial assets with decentralized finance (DeFi)
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