WLFI and Ondo Finance have collaborated to promote the application of real-world assets (RWAs) and to extend traditional finance to the blockchain. WLFI is going to integrate Ondo’s tokenized assets in its system to utilize them as treasury reserve assets.
These assets include USDY, a US Treasury bond-backed stablecoin, and short-term US Government Treasury Bonds (OUSG). The aim is to facilitate lending and margin trading for users of WLFI, adding to its platform’s depth.
Ondo Finance also revealed its plans to launch USDY on the Stellar network. This move will bring a tokenized version of U.S. Treasuries to Stellar, making it the first time. These high-quality assets will be available for global users on such a network.
Stellar is known for its low-cost and fast payment solutions. And this integration is expected to offer new possibilities in treasury management, collateralization, and global payments.
Ondo expands USDY to Stellar for global accessibility
USDY is an institutional-grade stablecoin alternative that offers yield on investments. It’s backed by short-term U.S. Treasuries and demand deposits from banks. By deploying USDY on Stellar, users will access a high-quality asset that earns yield. Stellar’s global reach makes this integration an attractive option for businesses. Additionally, individuals who want to optimize capital efficiency for cross-border payments.
In addition to improving cross-border payments, USDY can help people manage their cash more effectively. It brings higher liquidity and transparency, making financial transactions safer and more efficient.
It also allows investors and companies to generate yields without having to sacrifice day-to-day liquidity. For small business owners, independent professionals, or consumers, USDY is an opportunity to lock up wealth in a secure U.S. asset.
Stellar’s reputation for supporting regulated assets is a natural complement to USDY’s compliant and secure status. The combination is to provide institutional-level compliance and broad exposure to USDY.
However, through this partnership, Ondo Finance and Stellar also want to enable financial inclusion around the world. And leverage the power of blockchain to deliver new financial services. With a focus on cross-border payments and robust infrastructure. Nevertheless, Stellar is the ideal platform to scale USDY to a global scale.
