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Ondo unveils bridge to move treasuries-backed USDY stablecoin across chains

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The Ondo bridge has been designed to support the issuance of native tokens, including USDY, on networks that Axelar supports.

Ondo Finance, the issuer of tokenized secure notes and on-chain treasuries, collaborated with Axelar to introduce Ondo bridge, a cross-chain solution inspired by Circle’s cross-chain transfer protocol. The bridge will support the issuance of native tokens, including Ondo’s USDY, across blockchain networks supported by Axelar.

“Demand for better stablecoins is growing – and it isn’t limited to a single web3 ecosystem,” said Nathan Allman, founder and CEO of Ondo. “The Ondo Bridge enables us to meet that demand wherever it exists, with a superior and safer yield-generating stablecoin.”

 

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