TechFlow news, July 31 — According to Cointelegraph, the Aptos Foundation announced the launch of Ondo Finance's yield-bearing stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain. Backed by U.S. Treasury securities, USDY is available to non-U.S. residents via the Aptos blockchain but has not been registered under the U.S. Securities Act. The Aptos Foundation highlighted that USDY offers significant advantages in serving underserved communities and advancing financial democratization.
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