Ondo Finance will cease casting USDY in Aptos and Noble starting from September 8th

Ondo Finance announced that it will stop minting USDY on Aptos and Noble networks from September 8th, and other networks will not be affected. Due to the USDY on Osmosis and Mantra being bridged from Noble through IBC, the relevant holders are affected. USDY maintains sufficient reserve support, and users holding 1000 USDY or more can bridge to other networks or redeem at net value on Ondo, with a redemption window until September 8, 2027.