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TruBit and Ondo Finance Partner to Bring the First Tokenized U.S. Treasuries-backed Assets to Millions of Users across Latin America
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May 12, 2025 — TruBit, a leading platform for stablecoin-powered payments and crypto trading in Latin America, has announced the integration of USDY (Ondo US Dollar Yield), a tokenized note backed by short-term U.S. Treasuries. Developed by Ondo Finance, this addition marks a strategic expansion of TruBit’s product offering and provides its extensive user base with access to a secure, yield-generating asset denominated in U.S. dollars.
In markets where inflation, currency volatility, and limited access to traditional finance are ongoing challenges, USDY offers a compelling solution: a simple and transparent way to preserve value while earning real, dollar-based yield. The integration aligns with TruBit’s commitment to democratize access to trusted financial tools and bridge the gap between Latin American users and global-grade investment opportunities.
“At TruBit, our mission is to empower users across Latin America with secure, innovative, and accessible financial tools,” said Maggie Wu, CEO and Co-Founder of TruBit. “By integrating USDY, we’re giving our users a powerful opportunity to tap into the strength of U.S. Treasuries—assets once reserved for large institutions—now available directly through our platform, with the efficiency and transparency of blockchain.”
USDY is backed by short-term U.S. Treasuries and bank demand deposits, and is available exclusively to non-U.S. individual and institutional investors. It currently offers up to 4.25% APY, updated monthly, and has accumulated over $630 million in total value locked (TVL) across multiple blockchains. Its structure combines the accessibility of a stablecoin with the performance and protections of traditional financial infrastructure.
“We’re thrilled to see TruBit lead USDY’s expansion into Latin America,” said Katie Wheeler, VP of Partnerships at Ondo Finance. “This integration offers a vital access point to yield-bearing assets for users across the region, and we’re proud to support TruBit’s effort to bring global financial tools to local markets.”
With this integration, TruBit strengthens its position as a regional leader in next-generation financial services, expanding access to secure, yield-generating digital assets across Latin America. As part of its long-term strategy, TruBit continues to build the most robust and user-centric crypto ecosystem in the region—where innovation, compliance, and real-world financial utility converge.
About Ondo Finance
Ondo is a blockchain technology company. Its mission is to accelerate the transition to an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain. For more information, visit https://ondo.finance.
About TruBit
TruBit, established in LATAM in 2020, is a comprehensive global crypto platform built on two core pillars: payments and trading. At its forefront is TruBit Business, delivering compliant cross-border payment solutions that seamlessly integrate fiat and crypto for businesses. For trading, TruBit Pro provides advanced tools for experienced traders, while the TruBit Wallet supports easy conversion and Earn+ features. The Mastercard TruBit card enables convenient crypto spending.
As a pioneer in compliant fiat on-and-off ramp services, TruBit operates in key LATAM markets like Mexico, Argentina, Brazil, Colombia, Chile, and Peru, with a growing footprint in the U.S., Hong Kong, and Europe. Its commitment to regulatory compliance, security, and innovation empowers businesses and users worldwide, bridging the gap between fiat and crypto through seamless trading, remittance, and payment services.
NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has not been registered under the US Securities Act of 1933, as amended ("Act") or pursuant to securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless registered under the Act or an exemption or exclusion from the registration requirements thereof is available. Additional restrictions may apply. Ondo USDY LLC, the issuer of USDY, is not registered as an investment company under the US Investment Company Act of 1940, as amended, or pursuant to analogous laws of any other jurisdiction. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY. Acquiring USDY involves risks. A USDY holder may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Additional terms and conditions will apply.