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Worth investing as an alternative currency

Ondo Finance Announces New Token, OMMF, Offers Token-Based Exposure to US Money Market Funds, Targeting $100B Stablecoin Market

- ​​Earlier in 2023, Ondo Finance announced a new token, OMMF, that allows global stablecoin holders to invest in token-based exposure to US money market funds. OMMF tokens will be buyable and redeemable for $1 and are fully backed by US government money market funds. Unlike traditional MMFs, OMMF tokens will be globally transferable 24/7, on the Ethereum public blockchain, and compatible with on-chain financial infrastructure such as decentralized lending protocols. In order to maintain their fixed price, OMMF tokens will make daily distributions in the form of new OMMF tokens to investors.

“As the world moves toward a more digital and decentralized future, OMMF represents a long-term opportunity to provide savers with an excellent way to store and transfer wealth,” said Nathan Allman, founder and CEO of Ondo Finance. “What stablecoins have done for cash, $BNB $XRP #BtcNewHolder .