USDY Goes Live on Aptos

Ondo is excited to announce USDY, our market-leading yieldcoin, is now live on the Aptos blockchain. This launch introduces the first live tokenized US Treasuries asset to Aptos, and is supported by the largest protocols in the ecosystem including Aries Market, Thala, LiquidSwap, and popular Aptos wallets.

This integration brings USDY to a high-performance blockchain built for finance and underscores Aptos’ commitment to leading the tokenization of RWAs on a platform that is scalable, secure, and user-friendly. With over $300m in TVL across multiple blockchains, USDY offers 5.3% APY and enables global (non-US) individual and institutional investors on Aptos to now access the utility of stablecoins combined with an attractive yield and institutional-grade investor protections of traditional finance. 

USDY is now live in Aptos’ leading DeFi protocols, which combined represent over $250m in TVL on the network. USDY will serve various use cases, including enhancing liquidity pools by providing a natively yielding asset for trading pairs, serving as collateral on money markets to enable capital efficient borrowing and lending activities, and being used as collateral for Collateralized Debt Positions (CDP) and derivatives. For Aptos users, this means access to a reliable and secure digital asset backed by US Treasuries, offering a hedge against volatility with a dependable yield.

“Launching USDY on Aptos fits our strategic mission of bringing a first-of-its-kind yieldcoin to a high-performance blockchain that’s built for finance,” said Nathan Allman, Ondo Finance Founder & CEO. “We're excited to pave the way for users and developers to expand what’s possible in DeFi on Aptos using our trusted, yield-bearing asset. Today's launch is just the start, and we look forward to USDY’s growing adoption in the Aptos ecosystem.”

“This launch showcases Ondo’s peerless innovation and the introduction of USDY as an institutional-grade asset solidifies Aptos as the premier platform for high-performance DeFi,” said Jerome Ong, APAC Ecosystems Lead at Aptos Foundation. “Millions of dollars in trustworthy, secure, and treasuries-backed liquidity is now immediately available to builders and users across the world’s top Move-powered ecosystem.”

Obtaining USDY on Aptos

Non-US investors can onboard directly with Ondo here, or, acquire USDY within the Aptos ecosystem. After swapping stablecoins for USDY, holders instantly start earning 5.3% APY backed by US Treasury Bills.

For those looking to obtain USDY on Aptos, various platforms are available, including:

• Thala - Traditional AMM DEX and DeFi Suite
• LiquidSwap - Traditional AMM and Concentrated Liquidity DEXs
• PancakeSwap - DEX
• Cellana - ve(3,3)-style DEX 
• SushiSwap - DEX
• Kana - DEX and cross-chain DEX aggregator

You can verify the current price of USDY, as well as find further information, at Ondo's website: https://ondo.finance/usdy

Utilizing USDY on Aptos

On top of the 5.3% APY yield natively distributed, tokenholders can now use USDY tokens across the Aptos ecosystem, such as:

• Aries Market - Collateral on money market for lending and borrowing
• Thala - Swaps and collateral for CDP and derivatives
• LiquidSwap - Concentrated Liquidity (Uniswap v3-style) DEX
• More coming soon…

Holding USDY on Aptos

Both Petra and Pontem Wallets are popular choices for holding tokens, including USDY, on Aptos. These wallets facilitate seamless interactions with DeFi applications, maximizing the potential of USDY within the Aptos ecosystem.

• Petra - Wallet with a user-friendly interface, making it easy to store and interact with USDY
• Pontem - Wallet with advanced encryption, while ensuring smooth management of assets such as USDY

Oracle Price Feeds

Pyth will have price feeds for USDY on Aptos, unlocking use cases where USDY can be used as collateral:

• Primary market price feeds reflecting the price at which users can buy and redeem USDY from Ondo. 
• Secondary market price feeds reflecting the price at which USDY is traded across all sources of liquidity both inside and outside of the Aptos ecosystem.

Multisigs

Ondo combines the native Aptos multi-sig alongside MSafe to manage the USDY.

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

Compliant with Regulations: Issued under a continuous Reg S offering to offshore investors with best practices KYC/AML/CFT procedures

Bankruptcy-Remote: Assets 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 is speculative and involves substantial 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, without limitation, Aptos. Additional terms apply. Visit ondo.finance/usdy for details.