According to TechFlow, Ondo Finance announced yesterday that its yield currency $USDY is officially launched on Arbitrum.

USDY is now available on major DeFi protocols Camelot and Dolomite, allowing global (non-US) users to enjoy the benefits and protection of stablecoins.

The launch of USDY also benefited from the decision of the Arbitrum DAO STEP Committee to invest 6 million ARB in Ondo USDY to support the promotion of real-world assets on Arbitrum.