In a world where the mundane meets the extraordinary, Ondo Finance has gallantly unveiled its Ondo Short-Term U.S. Government Treasuries (OUSG) on the illustrious XRP Ledger (XRPL). Oh, what a spectacle! A grand leap by ONDO, merging the dusty tomes of traditional finance with the dazzling realm of blockchain technology. Who knew finance could be this exciting? 😏
According to the latest buzz, Qualified Purchasers can now waltz into the world of U.S. Treasuries at any hour of the day or night, thanks to RLUSD, Ripple’s enterprise-grade stablecoin. Minting or redeeming OUSG is now as easy as pie, without the pesky constraints of conventional banking hours. Who needs sleep when you can trade? 🕺💸
This launch is not just a footnote in the annals of finance; it’s a revolution! With Ripple’s RLUSD stablecoin in hand, institutional users can mint and redeem tokens at their leisure, making cash management smoother than a jazz tune on a Sunday morning. Investors can now dip their toes into U.S. Treasuries while enjoying a steady yield, all thanks to a delightful mix of respected institutional funds. What a time to be alive! 🎉
OUSG made its grand debut on the XRP Ledger with a whopping $30 million of total value locked (TVL). This move not only highlights RLUSD’s growing utility beyond mere settlement but also positions it as the primary gateway to real-world financial products. Institutions can now access tokenized treasury solutions with the speed and flexibility of a caffeinated squirrel. 🐿️💨
“Bringing OUSG to XRPL with RLUSD as a settlement choice expands access to high-quality, on-chain financial instruments,” proclaimed De Bode, Chief Strategy Officer at Ondo Finance. A round of applause, please! 👏
Leading the charge in the tokenization of real-world assets, Ondo Finance boasts over $1.3 billion in total value locked (TVL). OUSG is already the belle of the ball, with over $690 million in total value locked (TVL). It’s backed by a plethora of blockchains, including Ethereum, Solana, and now XRPL. Its portfolio features leading funds like BlackRock’s BUIDL and Franklin Templeton’s FOBXX, proving it’s not just a pretty face. 💪
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2025-06-11 20:22