ONDO token surged 35% amid integration with PayPal USD (PYUSD).
The partnership enables 24/7 liquidity between PYUSD and Ondo’s tokenized U.S. Treasuries (OUSG).
Analysts predict further growth, with targets of $3.40 and potential Binance listing momentum.
The ONDO token has surged 35% this month, following Ondo Finance’s integration with PayPal USD (PYUSD). The token gained 9% in the last 24 hours, reaching $1.05. ONDO is up 13% over the past week as well.
This price action follows a major announcement on November 15, where Ondo Finance revealed its integration with PayPal USD (PYUSD). The collaboration enables instant conversions between PYUSD and Ondo Short-Term US Government Treasuries (OUSG), marking a significant step in bridging decentralized finance (DeFi) and traditional financial systems.
Source: X
Expanding Liquidity and Utility
The partnership focuses on enhancing the minting and redemption process for OUSG using PYUSD. This development ensures 24/7 liquidity, allowing investors to subscribe to and redeem OUSG while facilitating faster transactions within Ondo’s ecosystem.
Jose Fernandez da Ponte, PayPal’s Senior Vice President of…
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