Tokenized Treasuries Surge: Ondo Finance Takes Second Spot with USDY Up 220%
Tokenized U.S. Treasuries market grows as Ondo Finance moves to the #2 issuer position, with its USDY product market cap rising 220% in the past quarter and surpassing $20 million on Sui Network. Issuers like asset managers and tokenization platforms (e.g., WisdomTree, Centrifuge) are driving adoption, creating a virtuous cycle for DeFi liquidity.
Top issuers of tokenized U.S. Treasuries. @OndoFinance recently moved to the 2nd spot. The market cap of Ondo's USDY is up by 220% over the past quarter. Issuers to follow 👇 https://t.co/vSN0kaYTfl
The growth of tokenized assets is led by U.S. Dollar-pegged stablecoins, tokenized U.S. Treasuries, tokenized Gold, and tokenized ETFs. Sectors to watch 👇 https://t.co/XDQ6s0kdhk
Why tokenized RWAs matter for a chain 👇 → More tokenized RWAs → More high-quality collateral assets → More liquidity for DeFi → More & better builders → More & better apps → More users → More demand for collateral → More asset issuers → More tokenized RWAs → Repeat https://t.co/i3mUr6uLXN
🏦⛓️ @OndoFinance's USDY product continues to grow on @SuiNetwork, with market cap surpassing $20 million. https://t.co/rOdQUphgwi
RT @tokenterminal: Top issuers of tokenized U.S. Treasuries. @OndoFinance recently moved to the 2nd spot. The market cap of Ondo's USDY…
Tokenized assets are growing. Who benefits? Issuers. We currently track two types of "issuers": 1. Asset managers that tokenize their own products (e.g. @WisdomTreePrime) 2. Tokenization platforms that bring 3rd-party products onchain (e.g. @centrifuge) https://t.co/reF7sylnzD