Ondo Finance Expands into the Sui Ecosystem
Ondo Finance, a platform bringing tokenized derivatives of real-world assets onto public blockchains, is expanding into the Sui ecosystem. This integration will provide native access to new tokenized assets such as treasuries, securities, and stablecoins on chain. As part of this expansion, Ondo will introduce the Ondo USD Yield (USDY), a US treasury-backed and interest-bearing token issued by Ondo. This move further strengthens Sui’s DeFi momentum, which has seen a 1200% increase in volume since October. Ondo’s participation will create numerous opportunities for teams building on Sui, and it aligns with other top projects choosing to integrate into the ecosystem.
Ondo’s Native Yield-Bearing Stablecoin-Like Asset
The addition of Ondo to the Sui ecosystem brings a native yield-bearing stablecoin-like asset that unlocks new opportunities for builders, developers, and users. Tokenized treasury offerings backed by real-world assets are crucial for the growth of DeFi in the ecosystem and the industry as a whole. With Sui’s impressive network performance and growth, it is an ideal fit for Ondo’s ecosystem. The collaboration between Ondo and Sui will undoubtedly strengthen Sui’s DeFi volume even further. The community can leverage Ondo’s innovative financial products to enhance their experience within the ecosystem.
Contact
Sui Foundation
[email protected]
Hot Take: Ondo Finance Expanding into Sui Ecosystem Enhances DeFi Opportunities
Ondo Finance’s expansion into the Sui ecosystem is a significant development that brings more opportunities for decentralized finance (DeFi) within the industry. By integrating tokenized assets such as treasuries, securities, and stablecoins on chain, Ondo strengthens Sui’s DeFi momentum and adds to its growing volume. This collaboration demonstrates the demand for financial applications and native functionality on the blockchain. With Ondo’s tokenized derivatives of real-world assets and innovative financial products, teams building on Sui can explore new possibilities and drive further growth in the ecosystem. The partnership between Ondo and Sui is a testament to the network’s performance and its ability to meet the needs of users seeking fast and efficient transactions in the crypto space.
By
By
By
By