Summary
- The stablecoin protocol STBL reported that it has entered into a strategic partnership with Ondo Finance (ONDO).
- The agreement states that up to 50 million USST will use Ondo's stable asset USDY as primary collateral.
- The two parties said they aim to strengthen on-chain real-world asset (RWA) utilization and liquidity.
According to Cointelegraph on the 10th (local time), the stablecoin protocol STBL has entered into a strategic partnership with Ondo Finance (ONDO).
Through this agreement, up to 50 million USST will utilize Ondo's stable asset USDY as primary collateral. The two parties aim to enhance on-chain real-world asset (RWA) utilization and liquidity through this cooperation.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
