Odaily Planet Daily reports that Ondo Finance has announced it will cease minting USDY on the Aptos and Noble networks starting September 8, with USDY on other supported networks unaffected. Since USDY on Osmosis and Mantra is bridged from Noble via IBC, holders on these networks will also be impacted. USDY will continue to be fully backed by reserves; holders with 1,000 or more USDY can bridge their tokens to other supported networks or redeem directly with Ondo at net asset value, with this window open until September 8, 2027.
Ondo Finance to Halt USDY Minting on Aptos and Noble Starting September 8
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Summary
Ondo Finance, based on on-chain data, announced that USDY minting will cease on Aptos and Noble effective September 8, 2026. USDY on other chains remains unaffected. Holders on Osmosis and Mantra, which depend on IBC transfers from Noble, will be impacted. USDY remains fully collateralized. Holders with 1,000 or more USDY can bridge to other networks or redeem through Ondo until September 8, 2027.
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