Ondo deploys its US dollar Treasury token USDY to the Stellar chain

On April 18th, according to CoinDesk, Ondo Finance announced the launch of its US dollar Treasury token USDY on the Stellar blockchain. The Stellar Foundation aims to achieve a real-world asset (RWA) scale of $3 billion on the chain by 2025, an increase of more than 10 times from $290 million at the end of 2024. Stellar also cooperates with Paxos, Etherfuse and SG Forge, a subsidiary of Bank of France.