Ondo and Noble Collaborate to Adopt Native Income Stablecoin USDY on Cosmos

Noble and Ondo have partnered on Cosmos to adopt the first native-income stablecoin, USDY, a tokenized note backed by short-term U.S. Treasury bills and U.S. bank demand deposits. It is reported that other DeFi projects will also utilize USDY, including Injective, Osmosis, Kujira, and Pyth.