Ondo Finance has partnered with Sui to bring its U.S. Treasury-backed yield-bearing stablecoin, USDY, onto the Sui network. The move aims to provide the Sui ecosystem with the utility of stablecoins while earning yield. This expansion of USDY to SuiNetwork has been highlighted as one of Bitstamp's top three events this week, reflecting the growing significance of this development in the crypto space.
The expansion of $USDY, a yield-bearing stablecoin substitute, to @SuiNetwork, marks one of @Bitstamp's top three events this week. ๐ https://t.co/FnQwgP1IJt
Here are the top 3 #CryptoTrends from this week: ๐ฆ @OndoFinance expands $USDY stablecoin to @SuiNetwork blockchain ๐ค @ensdomains partners with @GoDaddy, enabling free linking of .eth and DNS domains ๐ Social marketplace Friendzone shifts to @0xPolygon blockchain on Februaryโฆ https://t.co/Sd3H67kBov
If any Solana manlets wants to use $SUI checkout @Nightly_app wallet. Works on both. One seed all networks. https://t.co/I6QMZykXU7
๐๏ธ The @SuiNetwork ecosystem will enjoy the utility of stablecoins while earning yield, following the native deployment of $USDY, a tokenized note backed by short-term US Treasuries. https://t.co/6cweR5AcQ4
๐คOndo Finance is teaming up with Sui to bring its U.S. Treasury-backed yield-bearing stablecoin, USDY, onto the Sui network. The news follows explosive growth for Sui's, with its TVL tripling since mid-December ๐ Read More: https://t.co/caxF1BMnzH https://t.co/UneFTx5yEV