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Ondo Finance Skyrockets 8%!!! Crazy Profits!!! See How Ondo Crypto + Blackrock Did It
Circle, a stablecoin issuer, has launched a new smart contract function that enables near-instant, 24/7 redemptions from BlackRock's BUIDL fund into USDC stablecoins. Following the launch, Ondo Finance tested this feature, significantly impacting its governance token (ONDO), which saw an 8% increase. This occurred after an Ondo wallet on the Ethereum blockchain successfully redeemed $250,000 worth of BUIDL tokens for USDC, as indicated by Etherscan data. Ondo Finance CEO Nathan Allman explained that this feature aims to facilitate instant conversions and redemptions of the Ondo Short-Term U.S. Government Treasuries token (OUSG), which is backed by U.S. government securities, into USDC.
This move is part of a broader trend as BlackRock entered the asset tokenization field last month with its USD Institutional Digital Liquidity Fund, which is represented by the BUIDL token on Ethereum. This fund, holding cash, U.S. Treasury bills, and repurchase agreements, offers daily yields to token holders through blockchain technology. Ondo Finance, leveraging this fund, was an early adopter, utilizing it to back its OUSG token.
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Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the market is going. The cryptocurrency market, stock market, and commodities market all speak through the charts. It is a language and it is spoken through volume and bars.
It is our purpose to give you market analysis and news that is not confusing.
In order to be a profitable trader you have to PREDICT with HIGH CONFIDENCE where price is LIKELY to move. Understanding market language will allow you see where price is going to move with high precision.
That's why we are giving you news (before it happens) according to the charts.
Make sure you subscribe to this channel to get a better understanding of the market without indicators, shapes, patterns, or expensive software. Also, leave a comment if you have any questions.
HueFin News will also speak on topics that are important to you. Some topics include: cryptocurrency news, gold, silver, oil, fiat currencies, fintech, stocks, economic metrics, day trading, swing trading, FOREX, and many other topics that we feel is vital to your profitability in the financial markets.
**This is not investment advice**
**Trading involves risk**
**This is for educational purposes only**
#ondofinance #ondotoken #ondocrypto
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This move is part of a broader trend as BlackRock entered the asset tokenization field last month with its USD Institutional Digital Liquidity Fund, which is represented by the BUIDL token on Ethereum. This fund, holding cash, U.S. Treasury bills, and repurchase agreements, offers daily yields to token holders through blockchain technology. Ondo Finance, leveraging this fund, was an early adopter, utilizing it to back its OUSG token.
Join this channel to get access to perks:
https://www.youtube.com/channel/UCftTNVk6GO6u0m7WkhJEr1w/join
It's time to stop the confusion. Join Us!!!
Follow us on our 2nd Youtube Channel for stocks: https://www.youtube.com/channel/UCvpS3H_mKa2oMCfWZolDrjw
Follow us on Twitter @HueFin_News
Follow us on Instagram - huefinnews
Follow us on Facebook - HueFin News
Inquiries: contact us at huefinnews@gmail.com
Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the market is going. The cryptocurrency market, stock market, and commodities market all speak through the charts. It is a language and it is spoken through volume and bars.
It is our purpose to give you market analysis and news that is not confusing.
In order to be a profitable trader you have to PREDICT with HIGH CONFIDENCE where price is LIKELY to move. Understanding market language will allow you see where price is going to move with high precision.
That's why we are giving you news (before it happens) according to the charts.
Make sure you subscribe to this channel to get a better understanding of the market without indicators, shapes, patterns, or expensive software. Also, leave a comment if you have any questions.
HueFin News will also speak on topics that are important to you. Some topics include: cryptocurrency news, gold, silver, oil, fiat currencies, fintech, stocks, economic metrics, day trading, swing trading, FOREX, and many other topics that we feel is vital to your profitability in the financial markets.
**This is not investment advice**
**Trading involves risk**
**This is for educational purposes only**
#ondofinance #ondotoken #ondocrypto
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Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the market is going. The cryptocurrency market, stock market, and commodities market all speak through the charts. It is a language and it is spoken through volume and bars.
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That's why we are giving you news (before it happens) according to the charts.
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