Ondo's USDY (tokenized US Treasury yield) now live on BNB Chain via LayerZero's OFT standard, offering permissionless daily yield accrual and instant minting/redemptions.
Tech & Launches ·
Ondo Finance has launched USDY, a tokenized US Treasury yield product, on BNB Chain using LayerZero's OFT standard. The token enables daily yield accrual with permissionless access and instant minting and redemption capabilities, available through integrations including 1inch, Ledger, LI.FI, CoW Protocol, Trust Wallet, and LayerZero itself.
The deployment represents institutional-grade US Treasury exposure native to BNB Chain, allowing AI agents and hundreds of millions of wallets on the network to participate in tokenized real-world assets. The OFT standard facilitates cross-chain composability for the underlying mechanism.
Key open questions include the minimum investment thresholds, yield distribution mechanics, and whether additional blockchain integrations are planned beyond BNB Chain in the near term.