According to BlockBeats, on July 22, Noble and Ondo have collaborated to launch the first native yield stablecoin, USDY, on the Cosmos network. USDY is a tokenized note backed by short-term U.S. Treasury bills and U.S. bank demand deposits. Several other DeFi projects, including Injective, Osmosis, Kujira, and Pyth, are also expected to utilize USDY.