Ondo Finance Enhances Liquidity and Accessibility with Strategic Asset Shift
In a landmark move within the crypto finance sphere, Ondo Finance is set to reinvigorate the backing assets of its OUSG token. The innovative step involves transitioning the underlying assets to BlackRock's BUIDL tokenized fund, moving away from the previously utilized short-term Treasury bond ETF. This adjustment is poised to redefine the landscape of instant settlements for U.S. Treasury-backed tokens, as underscored by Nathan Allman, Ondo Finance's CEO.
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