Ondo

OUSG

Token

USDC

BlackRock

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<ul> 
 <li>Ondo Finance unveils seamless conversion between BlackRock’s BUIDL token and Circle’s USDC stablecoin.</li> 
 <li>The innovation marks a significant step towards increased liquidity for tokenized traditional assets.</li> 
 <li>“We are using it to power instant 24/7/365 redemptions of OUSG into USDC,” says Ondo Finance CEO Nathan Allman.</li> 
</ul> 
<p><strong>Ondo Finance (ONDO) jumps after successful test of BlackRock’s tokenized fund to USDC conversion. This feature boosts liquidity and offers potential for exciting developments in crypto-powered traditional finance.</strong></p> 
<h2 id="strong-ondo-finance-leverages-circle-s-innovation-for-instant-conversions-strong"><strong>Ondo Finance Leverages Circle’s Innovation for Instant Conversions</strong></h2> 
<p>Innovations in the crypto space are pushing boundaries, demonstrated by Ondo Finance’s use of Circle’s new smart contract function. This function allows for seamless, near-instant conversions between USDC and BlackRock’s tokenized BUIDL fund, enhancing liquidity and flexibility.</p> 
<h3 id="strong-blackrock-s-push-into-tokenized-assets-strong"><strong>BlackRock’s Push into Tokenized Assets</strong></h3> 
<p>BlackRock, a global investment titan, recently entered the tokenization sector, making waves in the crypto industry. The BlackRock USD Institutional Digital Liquidity Fund, utilizing blockchain technology, provides tokenized access to cash, U.S. Treasury bills, and repurchase agreements. Ondo Finance has been a keen early adopter.</p>
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<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The successful test of instant conversion between USDC and BlackRock’s BUIDL token, powered by Circle’s smart contract, is a positive indicator for the future of tokenized assets. This development demonstrates the growing potential for synergies between traditional finance and the efficiencies afforded by blockchain technology.</p>
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Ondo Token (ONDO) Surges on Instant USDC Conversion Feature for BlackRock Fund

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