BounceBit integrates Ondo Finance’s USDY as the first RWA in CeDeFi V2
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BounceBit, the leading CeDeFi infrastructure platform, today announced the integration of Ondo Finance’s USDY (US Dollar Yield) on BounceBit’s platform. This integration marks a significant milestone as the first treasury-backed real-world asset (RWA) available on BounceBit.
The launch features a dedicated USDY vault in BounceBit’s CeDeFi V2 platform, enabling users to access treasury-backed stablecoin rewards within a secure, regulated ecosystem. This implementation is a big step in the convergence of traditional finance and decentralized innovation.
Key Features:
- Dedicated USDY vault now live with optimized yields
- Boosted $BB token incentives for USDY users
- Seamless access within BounceBit’s CeDeFi V2 platform
- First treasury-backed RWA in the BounceBit ecosystem
“This integration marks a pivotal moment in CeDeFi evolution,” said Jack Lu, Founder of BounceBit. “With Ondo’s USDY now live, we’re providing our users immediate access to institutional-grade yield opportunities while maintaining the accessibility and innovation that defines BounceBit.”
USDY, Ondo’s flagship product backed by a bankruptcy-remote portfolio of US Treasuries, provides non-US investors with a unique combination of stablecoin accessibility and high-quality USD-denominated yield. The token currently manages over $450M in TVL across multiple blockchains, offering a 4.65% APY.
Ashwin Khosa, VP of Business Development at Ondo Finance, said, “CeDeFi aims to combine the simplicity of TradFi with the innovation of DeFi, and BounceBit achieves this seamlessly. Integrating tokenized US Treasuries into the platform expands access to financial tools for users while providing straightforward utility for Ondo’s RWA products.”
NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has not been registered under the US Securities Act of 1933, a amended (“Act”) or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Ondo USDY LLC, the issuer of USDY, is not registered as an investment company under the US Investment Company Act of 1940, as amended. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY. Acquiring USDY involves risks. A USDY holder may incur losses, including total loss of their purchase price. Past performance is not an indication of future results.
Ondo does not endorse, Ondo does not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose or non-infringement) regarding, and ONDO SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE’S USE OF, any third-party products, services or technologies referenced herein. Additional terms apply. Visit http://ondo.finance/usdy for details.
About BounceBit:
BounceBit pioneers CeDeFi infrastructure, offering institutional-grade yield products, restaking use cases, and CeDeFi as a service, making high-yield opportunities accessible to all. The BounceBit chain, a dual-token PoS Layer 1 secured by BTC and $BB, leverages Bitcoin’s security with full EVM compatibility.
About Ondo Finance:
Founded in 2021, Ondo Finance is a US-based technology company focused on making institutional-grade financial products and services available to everyone. Ondo’s leadership formerly ran the Goldman Sachs Digital Assets team, and the company works with institutional partners like Blackrock and Morgan Stanley.
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