U.S. Treasuries6.0Jun 5
SWFT Trade enables USDY transfers across blockchains via BRIDGERS
◆ AI SignalU.S. TreasuriesGemini
SWFT Trade has integrated Ondo Finance’s USDY, a yield-bearing stablecoin backed by U.S. Treasuries, into its cross-chain bridge platform. This integration allows users to seamlessly transfer USDY across multiple blockchain networks, enhancing the liquidity and accessibility of tokenized real-world assets. By leveraging SWFT Trade’s cross-chain technology, holders of USDY can move their assets between supported chains without relying on centralized exchanges. This development is significant for the RWA market as it reduces friction for institutional and retail investors seeking to utilize yield-generating assets across decentralized finance ecosystems. The move underscores the growing trend of interoperability solutions being applied to tokenized government debt to increase capital efficiency. As USDY gains broader cross-chain utility, it strengthens its position as a viable alternative to traditional stablecoins for on-chain yield generation. This expansion reflects a broader industry shift toward making regulated, yield-bearing assets as portable and liquid as native crypto assets.
Key points
- ▸SWFT Trade integrated Ondo Finance’s USDY for cross-chain asset transfers.
- ▸USDY is a yield-bearing stablecoin backed by short-term U.S. Treasuries.
- ▸Integration improves liquidity and interoperability for tokenized real-world assets.
- ▸Users can now move USDY across multiple blockchains via SWFT Trade.
Background
Ondo Finance is a prominent issuer of tokenized real-world assets, specializing in products that bridge traditional financial instruments with blockchain technology. Their flagship product, USDY, functions as a tokenized note secured by high-quality U.S. Treasury securities, offering investors yield while maintaining stablecoin-like utility. The protocol focuses on regulatory compliance and institutional-grade security to facilitate on-chain access to traditional debt markets.
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Relevance
6/10
#OndoFinance#USDY#SWFTTrade#CrossChain#RWA