Ondo and Noble Collaborate to Adopt Native Income Stablecoin USDY on Cosmos
2024-07-22 13:19:37
Noble and Ondo have partnered on Cosmos to adopt the first native-income stablecoin, USDY, a tokenized note backed by short-term U.S. Treasury bills and U.S. bank demand deposits. It is reported that other DeFi projects will also utilize USDY, including Injective, Osmosis, Kujira, and Pyth.
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