Ondo's stablecoin USDY is launched on Arbitrum, receiving support of 6 million ARB
The RWA protocol Ondo Finance has announced that its yield stablecoin USDY is now live on Arbitrum. In addition, the Arbitrum STEP Committee has decided to allocate 6 million ARB (approximately $3.16 million) from the Arbitrum DAO treasury to Ondo's USDY, in support of the development of Arbitrum's RWA.
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