News report
₿ Crypto
📊 Neutral
🌍 GLOBAL
Ondo Finance Halts USDY Minting on Aptos and Noble Networks Effective Sep. 8
Ondo Finance will cease USDY minting on Aptos and Noble networks, prompting a consolidation of its blockchain footprint. Holders have until September 2027 to redeem or bridge assets, with specific liquidity windows provided for smaller positions.
Impact
10/10
💡 Key Takeaways
- Ondo Finance stops minting USDY on Aptos and Noble, impacting bridged assets on Osmosis and Mantra.
- Holders with 1,000+ USDY can redeem at net asset value or bridge tokens until September 2027.
- Smaller holders have a 90-day window ending December 2026 to exit via third-party liquidity providers.
- The move signals a strategic consolidation of Ondo's network footprint for its $2 billion tokenized treasury product.
📋 Executive Summary
Ondo Finance is discontinuing the minting of its yield-bearing USDY token on the Aptos and Noble blockchains. The platform, which manages over $2 billion in deposits, confirmed that all tokens remain fully backed and provided specific migration and redemption paths for affected holders through 2027.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
10/10
Region
🌍 GLOBAL
Asset Class
₿ Crypto
❓ Frequently Asked Questions
Your tokens remain fully backed. You can either bridge them to another supported network or redeem them directly with Ondo if you hold 1,000 or more USDY. Smaller holders can use third-party liquidity providers on Osmosis or Hyperion during a 90-day transition period.
📰 Source
📅 Originally published:
⚠️ Disclaimer: This content is for training purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.