💥 Ondo Finance’s USDY Expands to Sei Network

Ondo Finance is launching its tokenized US Treasury product, $USDY, on the Sei Network, marking the first native integration of such a product on the high-speed Layer-1 chain. This move adds Sei to USDY’s growing multichain footprint, which already includes #Ethereum , #Solana , Mantle and Sui.

📈 With over $681M market cap and offering a 4.25% APY, USDY combines the yield of traditional finance with the accessibility of stablecoins. Sei’s parallelized execution and near-instant finality make it an ideal fit for institutional-grade financial products, said Justin Barlow of the Sei Development Foundation.

Currently, most of USDY’s supply is held on:

🔹 Ethereum – 63.46%

🔹 Solana – 25.9%

🔹 Mantle – 3.93%

🔹 Sui – 2.56%

🔹 Others – including Aptos, Osmosis and Arbitrum

Thanks to #LayerZero ’s omnichain tech, USDY is now fully fungible across Ethereum, Mantle and Arbitrum — no wrapping or swapping needed. More network support is on the roadmap.