USDY, a national debt token on Ondo Finance, will soon be officially launched on the Sei network
According to official news, RWA tokenization platform Ondo Finance announced that its flagship product, the U.S. dollar revenue token UnitedStates Dollar Yield (USDY), will be officially launched on the Sei Network, becoming the first on-chain treasury bond assets deployed on the ultra-high-speed Layer1 blockchain. USDY is currently deployed on multiple blockchains. The TVL exceeds US$680 million and provides an annualized yield of 4.25%(monthly update). It is open to individual and institutional investors around the world (excluding the United States), combining the liquidity advantages of stablecoins and high-level investor protection mechanisms in traditional finance.
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