๐ **Ondo Finance & LayerZero Present the EthereumโSolana Bridge!**
๐ The DeFi world is becoming more connected! Ondo Finance officially launches the **first institutional bridge** connecting **Solana directly to major EVM networks** such as Ethereum, Arbitrum, and Mantle!
๐ก๏ธ Powered by **LayerZero** & Ondo's decentralized verification network (DVN), this bridge comes with high-level security and full flexibility for **USDY**, a yield-based stablecoin backed by US treasury.
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### ๐ **USDY is Now Omnichain โ Move Freely Without Limits!**
๐ฐ USDY's TVL on Solana has surpassed **\$170 million**, but was previously limited to one ecosystem.
โจ With this bridge, **USDY can cross chains without slippage, without counterparty risk**, and without idle capital.
๐ฅ The transfer process uses a **burn-and-mint 1:1** mechanism โ which means:
* โ No need for a liquidity pool
* โ No need for overcollateral
* โ Instant & efficient
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### ๐ **Why is This Important?**
* ๐ Allows for **broader capital access to the best yield places**
* ๐ฆ Built to meet institutional security standards
* ๐ธ Becomes a crucial foundation in the growth of the **Real World Assets (RWA)** tokenized market, such as bonds & properties
๐ก According to Galaxy Digital, the RWA market could reach **\$16 trillion by 2030** โ USDY is ready to compete among other major stablecoins in the lending, trading & settlement world!
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### ๐ช **About Ondo Finance**:
* **USDY** = Yield-producing stablecoin from US treasury โ has become the **most popular yieldcoin** ๐
* **OUSG** = Instant liquidity access to US treasury yield
โก๏ธ Both products open global investment opportunities **24/7** for individuals & institutions, with high security.
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๐ฌ *โThis is not just about transferring assets, but changing the way capital flows in the crypto world.โ* โ Ondo
