$ONDO

Here’s the latest update on Ondo Finance (ONDO):

📉 Price & Market Performance

Trading around $0.74–$0.75, down ~3% in the past day and ~16% over the past week .

Market cap: ~$2.34 B (circulating supply ≈3.16 B, max 10 B) .

🌐 Key Developments

1. Global Markets Alliance Launched (June 17)

Ondo Finance partnered with Solana Foundation, Bitget Wallet, Trust Wallet, Fireblocks, BitGo, Jupiter, 1inch, Alpaca, and more to set standards for tokenized securities .

The aim: enable wallets and exchanges outside the U.S. to offer on-chain access to U.S. stocks, ETFs, and mutual funds.

2. OUSG Token Launch on XRP Ledger (June 11)

Debut of $693M Ondo Short‑Term U.S. Gov Treasuries (OUSG) on XRP Ledger, mint/redeem via Ripple’s RLUSD .

Institutional-grade treasury yields on-chain, ranking among the top 3 tokenized Treasury funds globally .

3. Cross‑Chain DvP Settlement with JPMorgan & Chainlink (June 12)

Testnet cross‑chain delivery-versus-payment transaction completed using OUSG, between JPMorgan’s Kinexys and Ondo Chain via Chainlink .

⚠️ Market Reaction

Despite positive ecosystem news, ONDO is down ~10% on the day the Global Markets Alliance was announced .

🔍 What This Means for Traders

RWA expansion is gaining momentum: Ondo is now integrating with major wallets and public chains to broaden real-world asset tokenization.

Institutional use cases: XRP Ledger launch and JPMorgan settlement show increasing institutional traction.

🔮 Next Milestones to Watch

Rollout of Ondo Global Markets enabling broader access to tokenized securities.

Additional alliances and wallet/integration announcements.

Trading performance of OUSG across networks.

Regulatory updates around tokenized securities and RWA frameworks.

TL;DR: ONDO is trading lower (~$0.74), but strong fundamentals are in place: major partnerships, treasury token launches, and institutional-grade settlements. This price dip could be a strategic entry point for traders focused on real-world assets.

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