Ondo Finance has launched USDY, a yield-bearing stablecoin, on the Stellar network, marking a first for the platform. USDY allows users to earn yield from U.S. Treasuries and bank deposits while maintaining liquidity. It can be used as collateral in Stellar's DeFi ecosystem and for cross-border payments, offering a new financial tool for individuals, small businesses, and institutions. The stablecoin is integrated into Stellar-based applications such as LOBSTR and Aquarius, enhancing its accessibility. Denelle Dixon, CEO of the Stellar Development Foundation, noted the global reach of Stellar combined with USDY's yield-bearing capabilities. Ian De Bode, Chief Strategy Officer at Ondo Finance, highlighted the innovation of bringing U.S. Treasuries onchain with USDY, combining stability, liquidity, and yield.