A $50 million mint window just opened for a new dollar-pegged stablecoin, and traders wonder if that’s the push ONDO crypto needs.
STBL.com, the platform behind the USST dollar token, said Friday it picked Ondo Finance’s USDY as its main collateral, allowing up to $50 million in new USST issuance.
The partnership, announced Oct. 10 across hubs in Dubai, London, and New York, shows STBL’s plan to expand its dollar liquidity using tokenized US Treasuries as backing.
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Why Is the USDY-USST Integration Important for Stablecoin Design?
USDY is a yield-bearing, tokenized cash product backed by short-term US Treasuries and bank deposits, built for non-US users.
USST, issued by STBL, is a payment stablecoin pegged 1:1 to the dollar and backed by real-world assets. Its design separates daily liquidity (USST) from the yield stream through a separate claim, helping the peg stay firm while letting issuers keep the yield.
USDY, Ondo’s “yieldcoin,” gains value from underlying interest. Ondo reinvests the interest, updates USDY’s rate monthly, earns the spread, and charges a 0.2% redemption fee.
STBL has now picked USDY as the main collateral for up to $50 million in new USST issuance. The move aims to combine overcollateralization, on-chain governance of fees and haircuts, and institutional-grade asset backing.
STBL CEO Avtar Sehra said, “Stablecoin design has to catch up with reality: the world is moving to tokenized reserves.”
The integration could boost demand for USDY through STBL’s minting process, expanding its role as real-world asset collateral and strengthening Ondo’s reach across total value locked, integrations, and on-chain activity.
ONDO mainly governs the Ondo ecosystem, but growth in USDY use, along with product fees and network effects, has been a key driver for the token’s narrative.
Any real price move depends on mint volumes, DeFi listings that expand USDY’s utility, and new partnerships.
The STBL update emphasizes the on-chain control of the collateral regulations, as well as the fee routes, and mentions the system as being multi-layered and overcollateralized.
According to Ondo, the treasuries and bank deposits support USDY, which is issued outside the US. The combination of them seeks to demonstrate that institutional-grade collateral can scale the supply of stablecoins without liquidity loss.
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ONDO Price Prediction: Is ONDO Crypto Preparing for a Major Breakout After the USDY Collateral News?
According to Coingecko, ONDO was trading at a silent level of approximately $0.90 in the last 24 hours, with an approximate volume of around $180-$186 million transactions per day.
(Source: Coingecko)
Ondo USDY, a stable money-generating asset, had an active supply of about 620-625 million tokens and was worth between $675-$690 million. The subdued reaction indicates that traders did not receive the new news on STBL collateral with significant changes in market sentiment.
According to a chart that analyst DonOfCharts has posted, ONDO/USDT is developing a symmetrical triangle setup that tends to lead to explosions.
if you do not like money
do not enter this $ONDO trade pic.twitter.com/QhfOfclSaa
— Don (@DonaldsTrades) October 10, 2025
The token is currently trading around the area of $0.89, and it is based on the lower support trendline in the triangle, which has been maintained since July.
(Source: X)
The upper boundary lies around $1.05-$1.10, marked by past swing highs. A decisive breakout above that zone could push ONDO toward the projected target near $1.59, implying a 70% upside from current levels.
For now, ONDO appears to be in a consolidation phase within its broader bullish structure. Traders are watching the $0.83 support area closely. A drop below that level could weaken the current bullish setup and expose the token to short-term downside pressure.
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The post Will STBL USDY Pick Trigger Major ONDO Crypto Price Breakout? appeared first on 99Bitcoins.
