#TradeStories
🔥 XRP News Today: XRP Gains Momentum as XRPL Welcomes U.S. Treasury Fund Amid Ripple-SEC Legal Showdown:
The XRP Ledger (XRPL) is making waves in the world of decentralized finance with a major institutional milestone.
Ondo Finance has announced the upcoming launch of its tokenized U.S. Treasury fund, Ondo Short-Term U.S. Government Treasuries (OUSG), on the XRP Ledger. The move marks a significant leap in the integration of traditional finance within blockchain networks.
According to Ondo Finance, the fund is set to go live within the next six months, offering institutional investors access to a secure and compliant yield-bearing asset backed by U.S. Treasuries. The fund will be made available 24/7, with minting and redemption facilitated via Ripple’s RLUSD stablecoin. This structure provides seamless liquidity and bypasses the limitations of traditional market hours.
Ripple Provides Strategic Backing
In a crucial partnership, Ripple has committed to providing initial liquidity for the OUSG fund. This encourages a smooth launch and encourages early institutional adoption. Ripple’s support also underscores its broader plan to bring real-world assets (RWAs) onto the XRP Ledger to enhance its usage in enterprise-class financial operations.
