Institutional-Grade Finance, Now Onchain.
Subscribe

USDY is Now Live on Stellar

USDY is Now Live on Stellar

United States Dollar Yield (USDY), Ondo’s flagship yieldcoin product, is now live on the Stellar network.

This launch marks an important milestone for greater financial access: for the first time, users on the Stellar network can access a permissionless yield-bearing dollar alternative backed by short-term U.S. Treasuries and bank demand deposits. By bringing USDY to Stellar, we’re combining the safety and yield of onchain Treasuries with the global payments infrastructure of Stellar, unlocking new opportunities for individuals, businesses, and institutions around the world. 

Why Stellar

Stellar has been purpose-built for fast, affordable, and borderless payments for more than a decade. Its deep integrations into cross-border payments, fintech applications, and institutional finance makes it one of the most trusted ecosystems for real-world financial use cases.

Stellar was a natural fit for USDY. The network’s global reach, focus on real-world use cases, and mission of financial access align with Ondo’s mission of building for a more accessible and open economy. 

Unlocking Yield Utility Across the Stellar Ecosystem

With over $650M in TVL across 9 blockchains, USDY now enables global (non-US) individual and institutional investors to access the utility of stablecoins combined with an attractive yield and institutional-grade investor protections on the Stellar network.  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:

  • 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.
  • Treasury Management: 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. 
  • DeFi Utility: Because USDY accrues yield daily, it can be used as cost-effective collateral for onchain lending and borrowing in the growing DeFi ecosystem of Stellar.
  • 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. 

Today, USDY is accessible across key parts of the Stellar ecosystem, including LOBSTR, Aquarius, Meru, Soroswap, and Decaf Wallet. These integrations ensure that both individuals and institutions can begin using USDY immediately for savings, payments, and DeFi activity on Stellar.

“Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance. “Launching USDY on Stellar extends these benefits to one of the world’s most established payment-focused blockchain networks.”

"Fast, affordable cross-border payments is at the center of what the Stellar network was designed to do,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. “The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users."

Bringing Yield Onchain, for Everyone

The Stellar network has done tremendous work in bringing the value propositions of onchain finance to global economies. With a keen focus on filling the gaps that exist in the global financial picture, Stellar has become the go-to network for millions of people across the world for real-world use cases that improve financial access. This makes Stellar uniquely positioned for yield-bearing assets like USDY. By deploying USDY on Stellar, Ondo Finance is enabling balances on the network to become more productive, enhancing both institutional and retail use cases, such as onchain savings, treasury management, cost-effective collateral in DeFi, and cross-border payments.

About Ondo

Ondo is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain. For more information, visit https://ondo.finance.