Ondo Finance is set to launch its United States Dollar Yield (USDY) product on the Sei network, marking the first on-chain treasury bond asset on this high-speed Layer1 blockchain. USDY, which is already deployed on multiple blockchains, boasts a total value locked (TVL) exceeding $680 million and offers an annualized yield of 4.25%, updated monthly. The product targets global individual and institutional investors, excluding those in the United States, by combining stablecoin liquidity with traditional finance's investor protection mechanisms.