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$8 Billion Dollar Ponzi Scheme Now Accepting Payments on Even More Blockchains!

A cartoonish illustration depicting various blockchain networks (represented by different colored blocks) floating above the surface of water, with Ondo Finance's USDY token as a lighthouse guiding them towards Arbitrum and other platforms.

Tokenized Treasuries: Because Who Needs Real Money When You Can Have Fake Crypto?.

Source: cointelegraph

Ondo Finance, a real-world asset (RWA) protocol, is expanding access to Ondo US Dollar Yield Token (USDY) to Arbitrum, an Ethereum layer-2 scaling network, according to an Aug. 27 blog post. Ondo’s USDY is a yield token designed to let users earn up to 5.35% annual percentage return on stablecoins such as USD Coin (USDC). Each USDY token is backed by bank deposits and short-term treasury bills, according to Ondo.  […]

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