Ripple has signed a significant partnership that enables the tokenization of US Treasury bonds on the XRP Ledger (XRPL). As part of this strategic partnership, the financial technology company has joined forces with Ondo Finance to introduce a product called OUSG to the blockchain ecosystem.
The OUSG product is offered to investors as a tokenized asset representing short-term U.S. Treasury bonds. Investors can instantly mint and redeem OUSG tokens. This process is powered by Ripple’s stablecoin called RLUSD. RLUSD provides investors with access to short-term Treasury bonds 24/7 on-chain without the need for traditional financial intermediaries.
The partnership will allow the RLUSD stablecoin to act as a bridge currency for OUSG transactions, enabling fast and efficient transaction processing on the XRPL network, creating a more transparent and accessible Treasury bond trading environment by avoiding the delays and bureaucratic hurdles experienced in traditional systems.
The price of the ONDO token has increased by approximately 2.5% in the last 24 hours.
*This is not investment advice.
