Tokenized securities provider Ondo Finance has announced that its USDY stablecoin will be expanded to Mysten Labs’ Sui blockchain. This is the “first native USD-denominated token” on Sui. The move aims to introduce a U.S. Treasury-backed, interest-bearing token called Ondo USD Yield, or "USDY," becoming the Sui network's first native U.S. dollar-denominated token to include stablecoins and interest-bearing stablecoin alternatives. ​​.