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Ondo Finance: Treasury tokenized product USDY is about to be launched on Sei Network
Odaily News According to official news, RWA tokenization platform Ondo Finance announced that its flagship product, the US dollar yield token United States Dollar Yield (USDY), will be officially launched on the Sei network, becoming the first on-chain treasury bond asset deployed on the ultra-high-speed Layer1 blockchain.
USDY is currently deployed on multiple blockchains, with a TVL of over $680 million, providing an annualized yield of 4.25% (updated monthly), and is aimed at individual and institutional investors around the world (excluding the United States). It combines the liquidity advantages of stablecoins with high-level investor protection mechanisms in traditional finance.
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