Ondo Finance to halt USDY minting on Aptos and Noble from Sept. 8

Ondo Finance said it will stop minting USDY on the Aptos and Noble networks starting Sept. 8, local time. The move will also affect users on Osmosis and Mantra that receive USDY from Noble through IBC. Holders of 1,000 USDY or more can bridge their assets to other supported networks or redeem them directly through Ondo at net asset value by Sept. 8, 2027.