PANews reported on October 20 that according to Arkham monitoring data, BlackRock's BUIDL Fund marked address has transferred a total of 964,315 USDC to Ondo Finance through three transactions since last night (the most recent transaction occurred five hours ago). Transaction data shows that the relevant address received 10 million USDC from the Circle hot wallet address two days ago, and about 1.56 million USDC has flowed out in the past two days. The total USDC holdings of the BlackRock BUIDL Fund marked address are currently about 88.472 million.

It is reported that Ondo Finance has previously announced that it will submit a proposal to introduce Ondo Short-Term U.S. Treasury Bonds OUSG to Sky (formerly MakerDAO)'s Spark tokenization competition together with Blackrock and Securitize. OUSG will provide returns consistent with short-term U.S. Treasury bonds, with an asset management scale of approximately US$229 million.