Institutional-Grade Finance, Now Onchain.
Subscribe

BiLira Kripto Integrates Ondo's USDY

BiLira Kripto Integrates Ondo's USDY

Expanding Access to Tokenized US Treasuries in Turkey

Starting today, users of BiLira Kripto, one of Turkey's largest crypto exchanges, can access Ondo Finance's USDY—the most widely-held permissionless yieldcoin. This marks the first time USDY is available on a Turkish exchange, representing a significant milestone in expanding access to tokenized treasuries for Turkey’s 10+ million crypto users. Now, users in Turkey can gain exposure to daily yield collateralized by US Treasuries, furthering Ondo’s mission to make institutional-grade financial products and services available to everyone.

With over $400m in TVL and over 70 integrations across 7 blockchains (Ethereum, Solana, Aptos, Sui, Mantle, Mantra, and Cosmos via Noble), USDY currently offers 5.05% APY, updated monthly, and allows users to access the utility of stablecoins combined with yield and the institutional-grade investor protections of traditional finance.

Katie Wheeler, VP of Partnerships at Ondo Finance, said, “We’re thrilled to see BiLira Kripto join us as the first exchange in Turkey to support USDY. It's a powerful unlock for our expansion into the region and making real-world assets accessible to users onchain globally. BiLira Kripto now provides a critical access point for users in Turkey to access institutional-grade yield secured by US Treasuries.”
Sinan Koç, co-founder & CEO of BiLira, said “We are excited to further our mission of expanding access to global crypto markets in Turkey by becoming the first exchange in the country to offer USDY. This offering provides investors with the unique opportunity to gain direct exposure to short-term US Treasuries, all within reach through BiLira Kripto. We are thrilled to introduce another powerful financial tool to empower Turkish investors.”

Obtaining USDY on BiLira Kripto

BiLira Kripto customers can access USDY in the 'Earn' section of BiLira Kripto’s app and website to begin accruing daily yield. Users can acquire USDY via USDT or TRYB. After acquiring USDY, holders instantly start earning 5.05% APY backed by US Treasuries.

Recap on USDY

USDY is the world’s first tokenized note secured by a bankruptcy-remote portfolio of US Treasuries. It is accessible to non-US individual and institutional investors and is designed to combine the accessibility of stablecoins with high-quality, US dollar-denominated yield. Key features include:

  • Broadly Accessible: Tokenized loan that can trade globally in secondary markets to non-US investors.
  • Yield-Bearing: Accrues a variable interest rate, adjusted monthly by the issuer. Yield accrues in the form of a redemption value that increases over time.
  • Daily Liquidity: Non-US investors can both mint and redeem USDY on a daily basis.
  • High-Quality Collateral: Secured by a portfolio of short-term US Treasuries under control agreements.
  • Designed for Compliance: Issued under a continuous Reg S offering to offshore investors with best practices in KYC/AML/CFT procedures.
  • Bankruptcy-Remote: Assets are designed to be ring-fenced from a hypothetical Ondo bankruptcy.

⚠️  NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has not been registered under the US Securities Act ("Act") or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY. Acquiring USDY involves risks. A USDY holder may incur losses, including total loss of their funding to acquire USDY tokens. 

Ondo does not endorse, Ondo does not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose or non-infringement) regarding, and ONDO SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE'S USE OF, any third-party products, services or technologies referenced herein, including BiLira Kripto’s. Additional terms apply. Visit http://ondo.finance/usdy for details.