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LBank adds USDY token by Ondo Finance, enabling onchain access to U.S. Treasury-backed yield
LBank has announced the listing of USDY, a yield-bearing tokenized dollar issued by Ondo Finance and backed by short-term U.S. Treasuries and bank demand deposits. This addition is part of the platform's expanding collaboration with Ondo to integrate more real-world assets into its crypto offerings.
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LBank has officially announced the listing of USDY (Ondo U.S. Dollar Yield), a yield-bearing tokenized dollar issued by Ondo Finance and backed by short-term U.S. Treasuries and bank demand deposits. According to the published details, deposits and spot trading for the USDY/USDT pair are scheduled to open at 07:20 UTC on August 31, 2026, with withdrawals commencing at 08:00 UTC on September 1, 2026. Classified under the DEFI category, USDY is described as accruing yield directly within the token and is targeted at non-U.S. holders. Maker and taker fees are set at 0.2%, and LBank notes that certain market parameters, such as minimum order quantity and price precision, may be adjusted without prior notice depending on conditions.
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Lbank is a cryptocurrency exchange that supports trading in a wide range of digital assets, including Bitcoin, Ethereum, Tether, Ripple, and numerous tokens, with options for margin, futures, options, and ETF trading. The platform offers direct crypto purchases via bank cards, allows deposits in US dollars and Chinese yuan, and features a simplified quick trading service as well as flexible investment programs. For additional details, see the full review on Traders Union: broker profile on Traders Union.
For more background, see our earlier news about Lbank’s limited-time Futures Earn Upgrade campaign offering boosted APR rewards for eligible futures traders in this previous Lbank update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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