Ondo Finance (ONDO) is extending the reach of its USDY stablecoin by launching it on the Sei (SEI) blockchain. This strategic move, reported by DL News, aims to tap into the growing DeFi ecosystem on Sei and offer users a yield-bearing stablecoin alternative. USDY is unique as it's linked to US Treasury bonds, providing a level of stability and yield uncommon among typical stablecoins. By expanding to Sei, Ondo Finance is making USDY accessible to a wider audience, allowing Sei users to benefit from its potential returns. This expansion could further solidify Ondo Finance's position in the stablecoin market and boost activity on the Sei network. The launch date is yet to be specified but is expected soon. ```