• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ONDO Rises 35% Due to PYUSD Integration

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Brett Attracts Speculative Traders with Volume Spikes

chest

Brett shows significant trading activity and speculative interest, appealing to short-term traders.

user avatarZainab Kamara

Solana Leadership Proposes Disinflation Measures to Address Market Decline

chest

Solana's leadership proposes to double the disinflation rate to 30% per annum to address a significant drop in market interest and stabilize long-term engagement from investors.

user avatarSon Min-ho

Intuit collaborates with Circle for USDC integration.

chest

Intuit has partnered with Circle to integrate USDC into its platforms for faster payments.

user avatarTando Nkube

Forward Industries Tokenizes SEC-Registered Shares on Solana

chest

Forward Industries has tokenized its SEC-registered FWDI shares on the Solana blockchain, allowing ex-US holders to use them as DeFi collateral.

user avatarAyman Ben Youssef

ECB Holds Rates Steady While Prioritizing Digital Euro

chest

ECB President Christine Lagarde announces the decision to maintain interest rates at 2% while focusing on the rollout of the digital euro.

user avatarKofi Adjeman

US Senate Confirms Crypto-Friendly Leaders for CFTC and FDIC

chest

The US Senate confirms Mike Selig as CFTC chair and Travis Hill as FDIC chair, signaling a supportive stance towards cryptocurrency regulation.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.