Home Ripple Partners With Ondo Finance To Tokenize U.S. Treasuries On XRPL

Ripple Partners With Ondo Finance To Tokenize U.S. Treasuries On XRPL

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Ripple Partners With Ondo Finance To Tokenize U.S. Treasuries On XRPL
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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.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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