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From closed systems to open protocols.
Ondo Finance is accelerating one of the biggest upgrades in capital markets history.
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Catch up on May's highlights in the Ondo Monthly Roundup. ๐ In May, we were proud to announce the successful completion of a cross-chain Delivery versus Payment test transaction on Ondo Chain testnet in collaboration with Kinexys by @jpmorgan and @chain
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Yieldcoins = Upgraded Stablecoins with Returns While DeFi primarily focuses on crypto speculation, tokenization allows the benefits of blockchain to be applied to traditional finance. Stablecoins were the first successful example of tokenization, offering global access to a stable, self-custodied store of value. Ondo introduced tokenized Treasuries, or "yieldcoins," such as OUSG and USDY, which provide stable value with added yield. These assets enable seamless movement between stablecoins and US Treasuries, while also serving as collateral in DeFi protocols.
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First came stablecoins. Now, @capa_fi brings yieldcoins to Latin America. Through an integration with Ondo's USDY on @solana, users in Mexico and the Dominican Republic can now onramp to tokenized US Treasuries from their local bank accounts. Read more: https://blog.ondo.finance/how-capa-is-unlocking-onchain-savings-with-usdy-in-latin-america/
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The Ondo Finance website will be temporarily unavailable today at 7:00 PM EST for approximately 30 minutes due to scheduled maintenance. We appreciate your patience and understanding as we implement infrastructure upgrades.
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USDY is now supported via @ZodiaCustody, with OUSG support coming soon, bringing yield-bearing tokenized US Treasuries to institutional balance sheets. With institutional-grade custody, earn network, and settlement solutions, Zodia Custody offers institu
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