Odaily Planet Daily reports: Ondo’s tokenized U.S. Treasury yield instrument, USDY (U.S. Dollar Yield Token), has now officially launched on BNB Chain, supporting instant minting/redemption and cross-chain bridging. As a permissionless tokenized U.S. Treasury product, USDY’s integration into one of the world’s most active public blockchain ecosystems enables direct, permissionless access to institutional-grade yield assets.
This launch marks a significant step in USDY’s multi-chain expansion, providing millions of users and AI agents on the BNB Chain DeFi ecosystem with access to yield-generating USD-denominated assets. Leveraging its instant minting and redemption mechanism, it enhances both capital efficiency and transaction speed. Users can now directly hold USD-backed, yield-bearing assets natively on BNB Chain without needing to bridge funds from other chains. For developers, USDY serves as high-quality collateral for on-chain lending, trading, and liquidity protocols, seamlessly integrating with native BNB Chain applications.