PANews reported on June 11 that according to the official blog of Ripple, Ondo Finance's short-term U.S. Treasury bond token OUSG was officially launched on XRP Ledger (XRPL). This is the first tokenized Treasury bond product that can be subscribed and redeemed around the clock through Ripple's enterprise-level stablecoin RLUSD. The total locked amount is currently $670 million, making it another mainstream institutional-level RWA solution after BlackRock and Franklin Templeton.
Ondo Finance’s Short-Term U.S. Treasury Token OUSG is now available on XRP Ledger
Share to:
Author: PA一线
This content is provided for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, let's navigate bull and bear markets together
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.