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STBL announced an investment of 50 million USD in Ondo USDY as the main collateral for its stablecoin USST.
ChainCatcher news, the stablecoin protocol STBL announced a strategic partnership with the RWA protocol Ondo Finance. According to the cooperation agreement, STBL will use Ondo's USDY as the main collateral to issue USST tokens worth 50 million USD. USST will circulate as uncollateralized collateral in the DeFi space.