Ondo Finance said its tokenized U.S. Treasury product USDY is now live on Tempo, a Layer-1 blockchain incubated by Stripe and Paradigm. The integration is aimed at a specific problem in payments: idle funds that sit in the flow of transactions without generating yield in traditional systems. By placing USDY on Tempo, the companies are positioning the asset as a way to let those balances earn U.S. Treasury yield while remaining usable in payment-related workflows.
Tempo is described as a network built for global payments, with sub-second finality and fees denominated in stablecoins. Ondo said USDY is a permissionless transferable tokenized asset that can move on-chain without a whitelist requirement. The product is intended for use cases including corporate wallets, payroll and merchant settlement, where it can serve as a yield layer for payment applications.
Ondo Finance said its tokenized U.S. Treasury product USDY is now available on Tempo, a Layer-1 blockchain incubated by Stripe and Paradigm.
Targeting idle balances in payment flows
According to the announcement, the integration is designed to give idle funds in payment flows access to U.S. Treasury yield. The stated goal is to address a gap in traditional payment systems, where parked funds do not generate yield.
Tempo built for global payments
Tempo is described as a network purpose-built for global payments, with sub-second finality and fees priced in stablecoins.
How USDY is positioned on the network
Ondo said USDY is a permissionless transferable tokenized asset that can move freely on-chain without a whitelist. The product is positioned for use in corporate wallets, payroll and merchant settlement, serving as yield-layer infrastructure for payment applications.
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