USDY Launches on BNB Chain, Unlocking Yield for Hundreds of Millions of Wallets

USDY, a yield-bearing stablecoin issued by Ondo Finance, has launched on BNB Chain, expanding its reach beyond Ethereum and Layer 2s. This move allows users to access USDY's daily yield accrual directly from the hundreds of millions of wallets connected to BNB Chain.

The deployment leverages BNB Chain's infrastructure and utilizes cross-chain messaging via LayerZero to facilitate liquidity movement. The integration enables tokenized Treasury assets to be readily accessible to both retail and institutional investors outside Ethereum.

Developers will benefit from permissionless minting and redeeming with daily yield accrual, providing new primitives for payments and AI agent work on top of the BNB Chain.