How is Ondo Finance’s USDY Different From a Stablecoin?
USDY is not a stablecoin. It is a tokenized note backed by short-term US Treasuries and bank deposits, and unlike a stablecoin, its price is designed to rise over time as it accrues yield. As
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USDY is not a stablecoin. It is a tokenized note backed by short-term US Treasuries and bank deposits, and unlike a stablecoin, its price is designed to rise over time as it accrues yield. As
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