#SWFTTrade

SWFT Trade enables USDY transfers across blockchains via BRIDGERS

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.

tradersunion.com·Jun 5