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TANKERS IN GULF. Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amidTANKERS IN GULF. Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid
US House votes for measure that would end Iran war, in blow to Trump
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WASHINGTON, USA – The Republican-led US House of Representatives approved a resolution on Wednesday, June 3, to block President Donald Trump from continuing the war against Iran, reflecting growing concern among members of his party about the three-month-old conflict.
The House voted 215 to 208, as four Republicans voted with Democrats in favor of the war powers resolution. It was the latest setback for Trump in Congress despite his party’s slim majorities in both the House and Senate.
The vote is largely symbolic. Any resolution would also have to pass the Senate to become effective, and garner the two-thirds majorities in both chambers to overcome an almost certain Trump veto.
The vote, nonetheless, reflects unease among some Republicans over Trump’s handling of the conflict and marks a rare bipartisan effort to curb presidential war powers. The war has entered a fourth month with no end in sight and after three previous war powers resolutions had failed in the House by increasingly slim margins.
The Senate advanced a separate, but similar, resolution last month in a procedural vote, after seven previous attempts had failed.
The four House Republicans who voted for the war powers resolution were Representatives Tom Barrett of Michigan, Warren Davidson of Ohio, Brian Fitzpatrick of Pennsylvania and Thomas Massie of Kentucky.
No Democrats voted against it, although seven House members did not vote.
Recent pushback against Trump
Trump recently has faced some opposition in Congress, after months in which very few Republicans pushed back against any of his policy initiatives.
In a separate vote on Wednesday, the House voted to advance a bid for a floor vote on providing security aid to Ukraine and imposing new sanctions on Russia. The measure came up for a vote after a petition reached a 218-signature threshold last month to move ahead.
Six Republicans and one independent who normally votes with Republicans voted in favor.
Acting Attorney General Todd Blanche told lawmakers on Tuesday that the administration was abandoning a fund to pay his political allies who said they had been the subject of government abuse, after some Republicans came out against it.
Republican lawmakers on Wednesday also criticized Trump’s pick of loyalist Bill Pulte – a mortgage regulator with no national security experience – to serve as acting director of National Intelligence. – Rappler.com
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Ondo Finance Launches USDY Yieldcoin on Stellar, Bringing Tokenized U.S. Treasuries to Users
Ondo Finance, a U.S.-based digital asset firm specializing in bringing traditional financial products on-chain through tokenization, is expanding its yieldcoin USDY to the Stellar network.
This lates update marks a step forward in merging tokenized real-world assets with a global payments infrastructure, unlocking new opportunities for users worldwide. The announcement was made at the Stellar Meridian event in Copacabana, Rio de Janeiro, on September 17.
USDY Joins the Stellar Ecosystem
Ondo Finance, a recognized leader in tokenized real-world assets, announced the deployment of United States Dollar Yield (USDY) on Stellar, the payments-focused blockchain known for speed and low transaction costs. USDY is the most widely available “yieldcoin,” offering investors access to onchain assets backed by U.S. Treasuries.
This launch allows Stellar’s global user base to tap into permissionless, yield-bearing assets tied to one of the safest financial instruments in the world. It also aligns with Stellar’s mission of driving fast, affordable cross-border payments.
Combining Yield with Payments Infrastructure
“Stablecoins unlocked global access to the U.S. dollar. With USDY, we’re taking the next step by bringing U.S. Treasuries onchain in a form that combines stability, liquidity, and yield,” said Ian De Bode, Chief Strategy Officer at Ondo Finance.
“Fast, affordable cross-border payments are at the center of what Stellar was designed to do. The global reach of the Stellar ecosystem combined with a yield-bearing asset like USDY levels up what is possible onchain, allowing wallets and businesses to offer yield opportunities to their users,” said Denelle Dixon, CEO of the Stellar Development Foundation.
Ondo claims by pairing USDY with Stellar’s infrastructure, new possibilities open up in treasury management, collateralization, and everyday financial applications.
Unlocking Institutional and Retail Use Cases
USDY currently manages over $650 million in total value locked (TVL) across nine blockchains and offers a 5.3% APY. By launching on Stellar, Ondo Finance extends these benefits to global retail and institutional users.
The firm explains balances on Stellar can now become productive, supporting use cases such as onchain savings, institutional treasury strategies, cost-efficient collateral for DeFi protocols, and remittance flows that carry yield rather than remaining static.
A Milestone for Tokenized Treasuries
With the integration of USDY, Stellar users gain more than just access to stable-value assets—they gain access to institutional-grade yield. For investors outside the U.S., the launch represents a new way to combine the safety of Treasuries with the accessibility of blockchain technology.
As tokenization accelerates globally, Ondo Finance’s decision to deploy USDY on Stellar reinforces the narrative that blockchain is not just about speculation, but about reimagining the global financial system through secure, yield-bearing digital assets
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