Ondo Pushes USDY Deeper Into Solana DeFi

Ondo Finance is expanding its USDY tokenized yield product across Solana DeFi venues, enabling use as collateral or liquidity. USDY, backed by short-term US Treasuries and bank deposits, accrues yield and differs from stablecoins like USDC or USDT. This move emphasizes utility for tokenized real-world assets in DeFi.