USDY Token Launches on BNB Chain with Institutional-Grade Yield

Ondo Finance has announced that its U.S. Dollar Yield Token (USDY) is now live on BNB Chain, marking a significant step in USDY's multichain expansion.

USDY allows users to access institutional-grade yield backed by short-term U.S. Treasuries, U.S. Treasuries and government securities funds, or cash instruments, with the speed and capital efficiency of instant minting and redemptions.

The launch on BNB Chain brings yield-bearing dollar exposure to millions of users and AI agents across the deep DeFi ecosystem, with USDY natively supported on the chain allowing users to access U.S. Treasury-backed yield without needing to bridge from another chain.