Ondo Finance has introduced its Ondo Short-Term U.S. Government Treasuries (OUSG) token on the XRP Ledger (XRPL). According to the post on X, the OUSG token allows qualified purchasers to access U.S. Treasuries at any time using Ripple’s stablecoin, RLUSD.
With OUSG, investors can mint or redeem tokens quickly without waiting for banking hours. The token offers exposure to U.S. Treasuries and aims to provide steady returns by investing in a mix of respected institutional funds. This helps investors earn income while holding secure, government-backed assets.
At its debut on XRPL, OUSG had $30 million in total value locked (TVL). This shows the growing adoption of RLUSD beyond just payments and settlements. RLUSD now serves as a gateway for institutions to access real-world financial products with more speed and flexibility.
De Bode, Chief Strategy Officer at Ondo Finance, said, “Bringing OUSG to XRPL with RLUSD as a settlement choice expands access to high-quality, onchain financial instruments.” This statement shows the importance of this launch in broadening financial access on the blockchain.
Ondo Finance is a leader in the tokenization of real-world assets, managing over $1.3 billion in total value locked across several blockchains. The OUSD token is one of the biggest drivers of that figure, with a staggering TVL of more than $693 million backed by top blockchains such as Ethereum, Solana, and most recently, the XRP Ledger.
The token’s portfolio includes well-known funds such as BlackRock’s BUIDL and Franklin Templeton’s FOBXX, providing strong support and credibility. This shows that the token is backed by reputable institutional investors.
It is worth knowing that token’s portfolio consist of well known funds such as BlackRock’s BUIDL and Franklin Templeton’s FOBXX, providing strong support and credibility. This shows that the token is backed by reputable institutional investors.
By launching OUSG on XRPL, Ondo Finance offers investors a new way to access U.S. Treasury products quickly and easily. The use of RLUSD allows for 24/7 transactions, which is a significant improvement over traditional banking hours
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