Ondo Income Stablecoin USDY Goes Live on Arbitrum, Backed by 6 Million ARB
On August 28th, RWA protocol Ondo Finance announced that its revenue stablecoin USDY has gone live on Arbitrum. in addition, the Arbitrum STEP committee has decided to support the development of Arbitrum's RWA by distributing 6 million ARBs (~$3.16 million) from the Arbitrum DAO treasury to Ondo's USDY.
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