ONDO Rises 35% Due to PYUSD Integration

by Giorgi Kostiuk

2 years ago

The ONDO token has increased by 35% this month following Ondo Finance's integration with PayPal USD (PYUSD). This partnership enables 24/7 liquidity between PYUSD and Ondo’s tokenized U.S. Treasuries (OUSG).

ONDO Token Surge and Integration Announcement

The ONDO token increased by 35% this month, following a major announcement regarding its integration with PayPal USD (PYUSD) by Ondo Finance. The token reached a value of $1.05 and grew by 13% over the past week.

Expanding Liquidity and Utility

The partnership focuses on enhancing the minting and redemption process for OUSG using PYUSD. This development ensures 24/7 liquidity, allowing investors to subscribe to and redeem OUSG while facilitating faster transactions within Ondo’s ecosystem.

Forecasts and Prospects

Analysts predict further growth for the token, setting targets at $3.40 and noting momentum potential with a possible Binance listing.

The integration with PYUSD has significantly impacted the ONDO token's value, highlighting its role in bridging decentralized and traditional financial systems.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Hut 8 Reports Significant Energy Capacity Developments

Hut 8 reported substantial energy capacity developments, including 1,330 MW under construction and 3,180 MW entering exclusivity.

Ayman Ben Youssef8 minutes ago

Hut 8 Fully Commercializes Beacon Point AI Campus

Hut 8 has fully commercialized its Beacon Point AI campus with a second 352 MW lease, significantly increasing its AI datacentre portfolio's contract value.

Tando Nkube8 minutes ago

Riot Platforms Reports Third-Quarter Revenue and Mining Performance

Riot Platforms reported a slight increase in third-quarter revenue of $181.4 million, with Bitcoin mining contributing $116 million, reflecting a decline due to lower average realized Bitcoin prices.

Nguyen Van Longan hour ago

Riot Platforms Sells 20,264 BTC to Fund Datacentre Development

Riot Platforms has sold 20,264 Bitcoin to raise approximately $15 billion for datacentre development, marking a shift in its business model towards long-term contracted revenues.

Kofi Adjemanan hour ago

US Treasury Acts Against MEXC Global for Illegal Transactions.

The US Treasury's FinCEN has issued a measure prohibiting US financial institutions from processing transfers involving MEXC Global due to $16 billion in illicit transactions linked to sanctions evasion and cybercrime.