Ondo Finance to Bring USDY to the Stellar Network, Unlocking Yield for Global Economies
Ondo Finance is excited to announce plans to deploy United States Dollar Yield (USDY), its yieldcoin product, on the Stellar network, a leading blockchain for fast, low-cost, global payments. This integration, set to go live in the coming months, will bring USDY to Stellar’s expansive ecosystem, enabling global users to access high-quality, yield-bearing assets tied to tokenized US Treasuries for the first time, on a network trusted by institutions like Franklin Templeton and individuals alike. This integration will unlock new possibilities for treasury management, collateralization, and productive global payments, while empowering USDY with Stellar’s global distribution channels and built-in compliance controls.
Expanding the Payments Ecosystem on Stellar
USDY is an institutional-grade, yield-bearing stablecoin alternative backed by high-quality short-term U.S. Treasuries and bank demand deposits. Deploying USDY on the Stellar network, which is widely used for payments, remittances, and treasury management, can provide access to a high quality, yield-bearing RWA for millions of users
The deployment of USDY will bring a new level of productivity to the Stellar network ecosystem, turning idle balances active across a myriad of use-cases:
- Treasury Management and Collateralization: USDY provides yield on funds used to manage cash positions and reduces investor risk in multi-party financial transactions through their 24/7 liquidity and transparency.
- Enhanced Cross-Border Payments: By integrating USDY, Stellar users can now access yield-bearing assets that enhance the capital efficiency of balances earmarked for cross-border payments. This opens up new opportunities for businesses and individuals to optimize their global payment workflows and maintain liquidity.
- Wealth preservation: Individuals can access USDY to support their earning and savings goals while preserving the liquidity of their balances for everyday spending. Everyone from consumers to small businesses, gig workers, and creatives can earn yield tied to the stability of a US asset.
The Value for USDY
The Stellar ecosystem is set to provide its own benefits to USDY as an asset, as tapping into a robust network of payments providers and trusted institutions provides invaluable exposure for any asset, not to mention robust controls for a regulated asset like USDY:
- Institutional-Grade Compliance: Stellar’s native compliance features, including built-in controls and support for regulated assets, align perfectly with USDY’s commitment to security and regulatory compliance. This ensures that USDY can be seamlessly integrated into institutional workflows.
- Global Distribution Channels: Stellar’s extensive network of on and off ramps and partnerships in over 180 countries provides USDY with unparalleled global distribution channels, enabling widespread adoption and accessibility.
The Future of Global Payments and Onchain Finance
The Stellar network has done tremendous work in bringing the value propositions of onchain finance to global economies, both large and small. With a keen focus on filling the gaps that exist in the global financial picture, Stellar has become an unheralded distribution channel for millions of people across the world, and is uniquely positioned to support the integration of yield-bearing assets like USDY.
With its focus on cross-border payments, financial inclusion, and institutional-grade infrastructure, Stellar offers an unparalleled foundation for tokenized assets and innovative financial solutions. Now, Ondo Finance is poised to deliver its high-quality yield-bearing assets to Stellar users, offering an invaluable financial lever to millions and furthering the Ondo mission to bring institutional-grade finance onchain, for everyone.