Hassan Maishera
On Wednesday, the Sei team announced via X that Ondo's tokenized U.S. Treasuries are live on Sei.
As the first permissionless tokenized U.S. Treasury Bill primitive to debut on Sei, USDY offers the network’s ecosystem of retail users and institutions direct, permissionless access to a secure, institutional-grade asset backed by short-term U.S. Treasuries and bank deposits.
The USDY integration by Ondo enables a seamless utilization of tokenized treasuries across the ecosystem — serving as high-quality collateral for DeFi lending, a stable foundation for institutional cash management, and a composable medium for global payments.
Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is down 1.3% in the last 24 hours and is now trading at $0.1049 per coin.
