Ondo’s stablecoin USDY is now available on Arbitrum, with 6 million ARBs supporting it
RWA protocol Ondo Finance announced that its yield stablecoin USDY has been launched on Arbitrum.In addition, the Arbitrum STEP committee has decided to distribute 6 million ARB (approximately 3.16 million US dollars) from the Arbitrum DAO treasury to Ondo's USDY to support the development of Arbitrum's RWA.
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