Ondo and Noble launch native yield-generating stablecoin USDY on Cosmos

Odaily News Noble and Ondo launched the first native yield stablecoin USDY on Cosmos. It is reported that USDY is a tokenized note guaranteed by short-term U.S. Treasury bonds and U.S. bank demand deposits. Although USDY will be launched through the Noble blockchain, several other Cosmos chains and DeFi projects will also use USDY, including Injective, Osmosis, Kujira and Pyth. (TheBlock)