24/7 Cryptocurrency News

ONDO Price Soars 5% as MANTRA Debuts USDY RWA Vault

Ondo (ONDO) price climbs 5% as MANTRA debuts new USDY-backed RWA savings vault, targeting a year-end launch for MANTRA Chain.
ONDO Price Soars 5% as MANTRA Debuts USDY RWA Vault

Highlights

  • MANTRA launches USDY vault, boosting ONDO price by 5%.
  • USDY vault to integrate with MANTRA Chain by year-end.
  • New vault supports Ethereum and Base, offers US Treasury yield.

MANTRA has announced the launch of a new savings vault backed by Ondo and using the USDY token. This move has positively impacted Ondo’s market price, showing a 5% increase. 

The newly launched product by MANTRA is expected to increase the depth of the real-world asset (RWA) tokens, a new and relatively popular segment in decentralized finance (DeFi) which attracts institutional investors.

Through the release of the USDY and its use of Ondo’s tokenized note where returns are linked to short-term US Treasury yields, MANTRA has made strides towards the integration of traditional finance into DeFi.

Advertisement

Details on the USDY Vault and MANTRA Chain Integration

The new protocol will include USDY as the native asset on the upcoming MANTRA Chain whose mainnet is expected by the year end. As for the preparation for the mainnet launch, MANTRA and the Ondo Foundation are creating a multi-chain vault that supports the Ethereum and Base networks.

This vault enables participants to hold USDC and in exchange receive a yield that is primarily generated from US Treasury notes.

In an attempt to make the offering more appealing to people, MANTRA and Ondo have proposed a refined schedule that raises the stakes in accordance with the engagement achieved by the community.

This is in an effort to ensure that return dilution does not occur due to increase in the number of investors. The release of this vault is strategically done to allow for adequate and desired liquidity before the operational advancement of the MANTRA chain.

Advertisement

Institutional Features and ONDO Price Response

This integration of USDY targets institutional investors in MANTRA’s services, in which the existence of over collateralization, third-party supervision, and strong customer protection provisions shall be adopted.

These elements contribute to the confidence and stability within the RWA marketplace, which in turn is a key component of USDY as a financial innovation.

Subsequently, the market has responded positively to this news, as evidenced by the increase in ONDO’s price following the announcement. As of press time, despite having a bearish start to the day, ONDO’s bullish momentum had recovered with the price trading at 5.84% to $1.25.

Read Also: Stablecoins Record $846 Billion in On-Chain Trades in May

Advertisement

Share
Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B

Michael Saylor hinted that Strategy would not be making its routine Bitcoin purchase this week.…

October 5, 2025
  • 24/7 Cryptocurrency News

Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana

Crypto experts have begun to make bullish projections for Pudgy Penguins’ native token, PENGU. This…

October 5, 2025
  • 24/7 Cryptocurrency News

ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks

ASTER has announced that the roadmap for its second airdrop phase is set to begin…

October 5, 2025
  • 24/7 Cryptocurrency News

El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset

El Salvador is now sitting on $482 million in unrealized gains in its Bitcoin holdings.…

October 5, 2025
  • Bitcoin News

Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force

The Bitcoin price has hit a new all-time high, after staging a monstrous rally since…

October 5, 2025
  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025