$OM just announced a partnership with $ONDO to create a savings vault for $ONDO's $USDY.
That $USDY is BlackRock's collateral property, $ONDO cooperates, which is no different from an indirect handshake.
The $OM slogan focuses on RWA products in the Asian region. Joining hands with $OM is tantamount to expanding investment ambitions in Asian assets.
This is good news for both $OM and $ONDO;
- Provide investment opportunities in short-term US Treasuries
- Preserve the practicality of stablecoins
In addition, ONDO's USDY vault currently has 450 million TVL, which will attract more TVL on the MANTRA chain
It looks like $OM is ready for the next round of increases 📈