Ondo Finance's USDY Stablecoin Now Available On Sui Ecosystem

According to BlockBeats, on October 17, the RWA protocol Ondo Finance announced that its yield-bearing treasury stablecoin USDY is now available on the Sui ecosystem's all-in-one liquidity protocol, NAVI Protocol. Providing liquidity for USDY offers users the opportunity to earn returns from multiple sources, including yields from USDY and lending interest. Using USDY as collateral for borrowing allows users to retain the native yield of USDY while enhancing capital efficiency. Borrowing USDY on NAVI enables users to integrate this asset into the complex Sui DeFi ecosystem and leverage the advantages of other platforms that support this asset.