Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Ondo Finance Offers USDY, a Stable Coin Alternative to Sui with Real Assets and Guaranteed Returns – Blockchain News, Opinion, TV & Jobs
BLOCKCHAIN NEWS

Ondo Finance Offers USDY, a Stable Coin Alternative to Sui with Real Assets and Guaranteed Returns – Blockchain News, Opinion, TV & Jobs

By Crypto FlexsFebruary 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ondo Finance Offers USDY, a Stable Coin Alternative to Sui with Real Assets and Guaranteed Returns – Blockchain News, Opinion, TV & Jobs
Share
Facebook Twitter LinkedIn Pinterest Email

Grand Cayman, Cayman Islands, February 7, 2024, Chainwire

Ondo’s Sui integration will enable native access to new tokenized assets such as government bonds, securities, and stablecoins on-chain.

Sui, a layer 1 blockchain that has experienced explosive growth since its launch eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. This expansion brings Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin alternatives) in the form of Ondo USD Yield (USDY), a U.S. Treasury-backed and interest-bearing token issued by Ondo. Will be.

Ondo’s Sui expansion further builds on Sui’s strong DeFi momentum, demonstrating growth and demand for financial applications and the chain’s underlying functionality. Sui’s DeFi volume has increased by over 1200% since October, and Sui recently entered the top 10 DeFi ecosystems as measured by TVL.

Ondo Finance is the third largest provider of tokenized derivatives of real-world assets to public blockchains, with $185 million in TVL in the first week of late January and over $1 billion in newly launched governance token transactions. It’s a platform. In addition to stablecoins, Ondo’s flagship treasury-backed tokens, tokenized securities and real-world assets will create numerous new opportunities for teams based on Sui.

As Ondo expanded into the Sui ecosystem, so did the trend of upstream projects making positive choices to integrate into Sui. For example, in December 2023, Solend, Solana’s primary lending protocol, announced that it would launch a Sui-specific lending protocol, and decentralized derivatives exchange Bluefin similarly discontinued its V1 Arbitrum implementation to focus entirely on Sui.

“People who interact with our platform want fast, efficient transactions, which are essential to any blockchain project,” said Nathan Allman, founder and CEO of Ondo. “Sui’s growth and network performance clearly demonstrate that its network is a perfect fit for Ondo’s ecosystem.”

Tokenized treasury offerings represent tradable tokens backed by real-world assets, and their presence on Sui is an important step toward the growth of DeFi across the ecosystem and industry.

“Ondo is an incredible addition to the Sui ecosystem, providing a stablecoin-like asset with a default yield that opens new opportunities for Sui’s builders and developers and provides essential new features for application users,” said Executive Director Greg Siourounis. said the director. Sui Foundation. “Sui’s DeFi scale is already growing at an incredible pace, and Ondo’s participation will make that trajectory even stronger. We are excited to see how Sui’s community leverages the real assets and innovative financial products Ondo offers.”

contact

Sui Foundation
media@sui.io

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025

Valhalla Goes Today: FLOKI has been developed for 3 years and debuts the play MMORPG.

July 4, 2025

The Open Platform Is First Unicorn In Web3 Ecosystem In Telegram At $1bn Valuation

July 3, 2025

The mindset of Retail Investors

July 3, 2025

Cooking.City Bringing Back Value Redistribution To Solana Fair Launches

July 3, 2025

XRP rebounds are interested in APT miners cloud mining.

July 3, 2025

The market will select US regulatory stable coins more than CBDCS every day of CBDCS every day.

July 3, 2025

Best Crypto PR Agency Packages : What to Look For & Where to Start

July 3, 2025

Looking for an Affordable Crypto PR Agency? Here’s What to Know Before You Spend

July 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Crypto Directories Listing That Will Transform Your Project’s Reach

July 5, 2025

The Ultimate Guide to Hiring a Crypto Marketing Agency

July 5, 2025

Six high upside encryption coins of less than $ 20 are seen in 2025.

July 5, 2025
Most Popular

What is Compass Mining? – Blockchain.News

March 7, 2024

Microsoft invests $2 billion in AI in Spain

February 20, 2024

Elon Musk endorses XRP advocate John Deaton in his Senate race against Elizabeth Warren.

October 22, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.