BOMBAZO ONDO-RIPPLE!
#ONDO Finance launches its US Treasuries (OUSG) on #xrp Ledger using #RLUSD
Ondo Finance, one of the leading platforms in real-world asset (RWA) tokenization, has taken a significant step by launching its flagship token, Ondo Short-Term US Government Treasuries (OUSG), directly on the #XRPledger (XRPL).
This integration not only introduces a highly demanded traditional financial product on an efficient public blockchain but also establishes a new standard for on-chain cash management for institutional investors.
Initial Liquidity of $30 Million: The initial supply of the OUSG token on XRPL is $30 million, aiming to ensure robust liquidity from the start.
TradFi and DeFi Fusion: Ian De Bode, Strategy Director of #OndoFinance , emphasized that this integration reinforces the company's commitment to creating a "reliable and composable infrastructure at the intersection of traditional finance and DeFi."
OUSG, with a supply of $693 million, is the third largest of its kind after BlackRock's BUIDL and Franklin Templeton's BENJI.
