According to a June 11 announcement on Ripple’s blog, qualified purchasers can now mint and redeem OUSG tokens around the clock using the RLUSD stablecoin as the settlement asset. OUSG, short for Ondo Ondo
-1.41%
Ondo Short-Term U.S. Government Treasuries, provides exposure to low-risk, short-duration Treasury bills via tokenized money market funds.
With more than $670 million in total value locked across chains and $30 million already on XRP XRP
0.12%
XRP Ledger, it’s one of the largest tokenized Treasury products in the market. Institutional users looking for on-chain finance liquidity, speed, and compliance can now access OUSG on XRPL.
Unlike conventional financial rails, which are limited by slow settlement cycles and banking hours, XRPL enables the real-time issuance and redemption of OUSG using RLUSD. This feature is attractive to institutions that operate across jurisdictions, as it improves capital efficiency, decreases idle cash buffers, and facilitates quicker cash flow management
