Bybit and Mantle Expand Access to Real-World Assets Via Ondo’s USDY

Crypto News– USDY is poised to take center stage as the inaugural showcase project for Mantle, presenting itself as a yield stablecoin boasting an impressive current Annual Percentage Yield (APY) of 5%. This remarkable combination of stability and yield potential positions USDY as an enticing asset for both cryptocurrency investors and fervent DeFi enthusiasts.

Bybit and Mantle Expand Access to Real-World Assets Via Ondo’s USDY

A pivotal development driving this expansion is the green light given to Mantle’s MIP-26 proposal. This groundbreaking decision paves the way for the establishment of an RWA (Real-World Assets) liquidity pool with a substantial capacity of up to $60 million. This landmark development is set to seamlessly integrate real-world assets into the Mantle ecosystem.

The significance of this expansion goes beyond the financial realm; it’s about ease of access for on-chain investors. With USDY readily accessible on this platform, investors can effortlessly purchase and sell this stablecoin within the Mantle ecosystem. This integration not only bolsters liquidity but also fortifies the utility and adaptability of USDY within the broader cryptocurrency landscape.

The movement towards integrating real-world assets into the DeFi arena underscores the surging interest in bridging the traditional finance and blockchain domains. This visionary initiative holds the potential to unlock novel opportunities for investors and users alike, offering a robust combination of stability and yield within the decentralized financial landscape.