Mantle and Ondo Finance Unveil $USDY, Set to Transform DeFi Landscape

Mantle, a DAO-led Web3 ecosystem built on Ethereum Layer 2 (L2), has partnered with Ondo Finance to launch USD Yield ($USDY), a token backed by real-world assets (RWA), with plans for a rebaseable version, $mUSD, on the horizon.