Ondo Finance and Noble Chain reach cooperation to introduce tokenized bill product USDY
According to Mars Finance news, Ondo Finance announced a cooperation with Noble Chain, a Cosmos-based asset issuance chain, to introduce its tokenized products into the Cosmos ecosystem. The first asset Ondo plans to issue natively through Noble is USDY, a tokenized note backed by short-term U.S. Treasuries with an annual yield of 5.2%, and is targeted for issuance by the end of the second quarter of this year. USDY is currently available on Ethereum, Solana, Mantle, and Sui.
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