Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership introduces tokenized U.S. Treasuries (OUSG) on the XRP Ledger (XRPL).
The RLUSD stablecoin, powers this initiative, enabling 24/7 minting and redemption of OUSG tokens. The focus of this move is primarily on institutional users.
This collaboration centers on the minting and redemption of OUSG tokens, which are backed by Ripple’s RLUSD stablecoin.
Ripple and Ondo Finance are also positioning XRPL to challenge Ethereum in the realm of real-world asset (RWA) tokenization.
You need to login in order to Like
Leave a comment