In a major step for Real World Assets (RWAs) on-chain, Ondo Finance has officially launched its yield-bearing stablecoin USDY (United States Dollar Yield) on the Sei Network 🧩 — making it the first tokenized U.S. Treasury product on the high-speed Layer 1 chain.
🔍 What is USDY?
USDY is a regulated, tokenized asset backed by short-term U.S. Treasuries and bank deposits, offering investors an annual yield of around 4.25% APY 📈. Unlike traditional stablecoins, USDY provides real-world yield while maintaining on-chain utility — ideal for DeFi, payments, and collateral use cases 💼.
⚙️ Why Sei Network?
Sei’s ultra-fast finality and parallelized execution architecture make it ideal for institutional-grade financial applications ⚡. With a Total Value Locked (TVL) now exceeding $670M and growing over 820% YoY, Sei is rapidly becoming a hub for RWAs and DeFi innovation 🌐.
> “This launch reinforces our commitment to making real-world assets accessible across chains,” said Ondo Finance CEO Nathan Allman. “Sei's speed and DeFi-first focus make it a natural home for USDY.” 🗣️
🌉 Multi-Chain Strategy
USDY is already live on Ethereum, Solana, Mantle, Sui, and more — with Sei now joining the ecosystem through LayerZero’s omnichain framework 🔁. This allows seamless transfers and unified liquidity across networks.
Currently, USDY has a total market cap of $680M+, with 63% of supply on Ethereum and 26% on Solana 📊.
💡 Why It Matters
🪙 First tokenized Treasury product on Sei
🔐 Regulated and yield-bearing — unlike most stablecoins
🌍 Accessible to a global DeFi user base
🔄 Cross-chain compatibility via LayerZero
📣 Final Thoughts
Ondo’s USDY debut on Sei marks a pivotal moment in the RWA revolution — bringing together traditional finance and DeFi in a seamless, scalable way. As crypto markets mature, assets like USDY are expected to play a critical role in unlocking institutional liquidity and passive yield opportunities 💸.
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