Hassan Maishera
On Tuesday, the Ondo Finance team announced via a blog post that its native USDY stablecoin is now live on Binance’s BNB Chain.
The launch introduces instant minting and redemption, allowing users to enter or exit USDY positions without the usual waiting periods.
USDY offers dollar-denominated yield backed by short-term U.S. Treasuries, government securities funds, and cash instruments.
Access is permissionless but limited to eligible non-U.S. individuals and institutions. Native deployment means BNB Chain users can access USDY without first bridging it from another network.
Cross-chain functionality allows USDY to move between BNB Chain and other supported blockchains. USDY is accessible through platforms including PancakeSwap, 1inch, Ledger, LI.FI, CoW Swap, Trust Wallet and LayerZero.
Developers can incorporate USDY into BNB Chain lending markets, trading products, liquidity pools, treasury-management systems and yield strategies. Ondo expects USDY to function as productive collateral, enabling deposited capital to generate yield while being used across DeFi.
The deployment expands USDY’s multichain presence and strengthens its position as a real-world asset primitive for DeFi and AI-agent applications.
Ondo (ONDO) stands as a beacon in the realm of decentralized finance, aiming to democratize access to institutional-grade financial services. Founded in 2022 and based in the Cayman Islands, Ondo operates through a unique ecosystem that bridges traditional finance with blockchain technology.
The Ondo Foundation collaborates closely with Ondo Finance, its commercial partner, to support decentralized protocols and the tokenization of real-world assets.
The ONDO token, sold to over 18,000 individuals in mid-2022, plays a pivotal role within this ecosystem. It serves as a governance token within the Ondo Finance decentralized autonomous organization (DAO), granting holders specific rights related to Flux Finance, which is governed by the Ondo DAO. This governance structure empowers ONDO token holders to influence the direction and policies of the DAO, ensuring that the mission of democratizing finance remains at the forefront.
Flux Finance, a key component of the Ondo ecosystem, benefits from the oversight and governance provided by ONDO token holders. This decentralized approach ensures that decisions are made transparently and in the best interest of the community. The Ondo Foundation's commitment to supporting decentralized protocols and tokenized assets further solidifies its role as a transformative force in the financial landscape.
ONDO, the native coin of Ondo Finance, is up 1.3% in the last 24 hours and is now trading at $0.3793.
BNB powers the BNB Chain ecosystem and is the native coin of the BNB Beacon Chain and BNB Smart Chain. BNB is currently trading at $602.9, up by 2% in the last 24 hours.
