TechFlow reports that Ethereum Layer 2 network Mantle has partnered with tokenized financial products platform Ondo Finance to launch USDY, a token backed by real-world assets aiming to deliver sustainable yields.
According to the announcement, USDY is similar to USDT or USDC and is a tokenized note collateralized by short-term U.S. Treasury securities and bank demand deposits. Holders earn returns generated by the underlying assets in the form of accrued token value.




