OndoFinance launched the world's first interoperable tokenized treasuries on Injective $INJ to accelerate RWA adoption 👀🔥
Read the thread to uncover what this means
First what is $USDY ?
USDY, or USD Yield, is the pioneering tokenized note secured by US Treasuries and bank deposits. It provides similar accessibility and utility to stablecoins, offering enhanced investor protections
The launch on Injective marks the first $USDY release on a non-EVM chain, and reinforces Injective's position as a leading L1 for interoperability and Real World Assets
To access USDY, users will need to bridge the asset to Injective from Ethereum by using Injective Hub or via native dApps such as HelixApp
Injective has integrated major institutions into its chain, boosting liquidity and capital efficiency for new assets like RWAs
