STBL to leverage Ondo’s USDY as primary collateral to mint up to $50M USST

STBL.com, the stablecoin protocol, announced a strategic collaboration with the real-world asset (RWA) tokenization platform, Ondo Finance, on Oct. 10. As per the agreement, the protocol will be able to mint up to $50 million in USST backed by Ondo's USDY. Before we venture further, it's important that we first understand what tokenization and stablecoin are. Related: What is tokenization? Explained Tokenization is the process of using blockchain technology to convert assets like cash or treasuries into ...