LBank adds USDY token by Ondo Finance, enabling onchain access to U.S. Treasury-backed yield
LBank has officially announced the listing of USDY, a yield-bearing tokenized dollar issued by Ondo Finance, on its cryptocurrency exchange platform. The asset is backed by a combination of short-term U.S. Treasuries and bank demand deposits, offering holders yield directly through the token structure. Deposits and spot trading for the USDY/USDT pair are scheduled to commence on August 31, 2026, with withdrawals opening the following day. This listing represents a strategic expansion of the collaboration between LBank and Ondo Finance to integrate more real-world assets into the exchange's existing crypto offerings. By providing access to USDY, LBank aims to broaden its portfolio for non-U.S. holders seeking exposure to yield-generating, treasury-backed digital assets. The trading pair will feature a 0.2% fee structure for both makers and takers. This development highlights the ongoing trend of centralized exchanges incorporating regulated, RWA-backed tokens to bridge traditional finance and decentralized markets.
- LBank lists Ondo Finance's USDY token, backed by U.S. Treasuries and bank deposits.
- USDY/USDT spot trading opens August 31, 2026, with a 0.2% fee structure.
- The yield-bearing token is specifically targeted at non-U.S. market participants.
- LBank continues to expand its real-world asset offerings through the Ondo partnership.
Ondo Finance is a protocol focused on tokenizing institutional-grade financial products, such as U.S. Treasuries, to provide on-chain yield. USDY functions as a tokenized note that accrues interest, designed to offer the stability of dollar-denominated assets with the accessibility of blockchain technology. LBank is a global cryptocurrency exchange that provides a wide array of trading services, including spot, margin, and futures, for various digital assets.