USDY Lands on BNB Chain, Yield-Bearing USD Assets Reach Millions of Users and AI Agents

TechFlow reports, August 4, according to official announcements, Ondo's tokenized U.S. Treasury yield note USDY (U.S. Dollar Yield Token) has officially launched on BNB Chain, supporting instant minting/redemption and cross-chain bridging functions.

As a leading permissionless tokenized U.S. Treasury product, USDY's launch on BNB Chain, one of the largest and most active public chain ecosystems globally, marks the first time institutional-grade yield assets are accessible directly without permission.

This launch is a significant step in USDY's multi-chain expansion, bringing yield-bearing USD asset exposure to millions of users and AI agents within BNB Chain's deep DeFi ecosystem, and achieving a dual improvement in capital efficiency and transaction speed through instant minting and redemption mechanisms. Users can directly hold yield assets backed by U.S. Treasuries in the native BNB Chain environment without needing to bridge from other chains; for developers, USDY can also serve as high-quality collateral in on-chain lending, trading, and liquidity protocols, seamlessly integrating with native BNB Chain applications.