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TLDR:
Key Points:
- Ondo Finance has integrated its tokenized U.S. treasury-backed product (USDY) onto Layer 1 Aptos.
- USDY will also integrate with Thala, a decentralized finance (DeFi) protocol built on Aptos.
Article Summary:
Ondo Finance, a tokenized real-world asset (RWA) platform, has integrated its tokenized U.S. treasury-backed product (USDY) onto Layer-1 Aptos. USDY is backed by short-term U.S. Treasuries and bank demand deposits. This integration is part of a partnership between Ondo and Aptos Foundation to explore on-chain and real-world asset yield solutions. USDY is also set to integrate with Thala, a DeFi protocol on Aptos, providing better liquidity options for users. This move is a step towards redefining digital finance and offering accessible financial services to users.
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