ME Information experiences that on September 5 (UTC+8), Ondo Finance introduced it is going to stop minting USDY on the Aptos and Noble networks beginning September 8; USDY on different supported networks will stay unaffected. Since USDY on Osmosis and Mantra is bridged from Noble through IBC, holders on these networks will even be impacted. USDY will proceed to be absolutely backed by reserves. Holders with 1,000 or extra USDY can bridge their tokens to different supported networks or redeem immediately with Ondo at web asset worth, with the window open till September 8, 2027. (Supply: ODAILY)(*8*)
