1/ @Mastercard is bringing Ondo Finance into the Multi Token Network (MTN) as the first RWA provider on the network. The MTN enables banks to offer digital financial services to integrated businesses, and Ondo’s Short Term US Treasuries Fund (OUSG) will be the first tokenized…
Trading Secrets
27-02-2025 14:23
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ONDO price reclaims $1 as MasterCard integrates Ondo Finance as the first RWA provider
MasterCard has integrated Ondo Finance as the first real-world assets provider on Multi-Token Network (MTN).
The integration will allow businesses to (seamlessly) access US-tokenized treasuries. MasterCard stated:
That’s the idea behind MasterCard and Ondo Finance’s latest partnership, which will make institutional financial assets, such as funds that invest in US Treasuries, available in digital form.
That means the real-world assets protocol will join MasterCard’s MTN – a decentralized platform that links banks with virtual assets for secure and quick transactions.
The news triggered ONDO price recoveries within the past 24 hours.
The altcoin reclaimed the psychological $1 despite broad market downtrends.
MasterCard taps Ondo Finance
Ondo Finance confirmed its latest collaboration with MasterCard yesterday.
The payment giant will integrate Ondo in its Multi-Token Network as the first RAWs tokenized provider.
According to the Ondo team,
This integration will bring Ondo’s Short-term US Government Treasuries Fund (OUSG) to MNT, enabling businesses that onboard with Ondo to seamlessly access the benefits of tokenized treasuries.
The move eliminates the need for settlement windows or stablecoin on-ramps, as OUSG allows businesses to receive daily yield through tokenized products with 24/7 redemptions and subscriptions.
Unlike buying cryptocurrencies, OUSG on MTN allows businesses to settle via old-style banking on-ramps.
That alleviates the need for more crypto or purchasing stablecoins.
The flexible redemptions mean enterprises can cash out without restrictions.
RWA projects gain traction
Real-world asset-linked cryptocurrencies witness stable interest despite the prevailing broad market underperformance.
Institutional players appear unbothered by the substantial price dips.
Besides MasterCard, Ondo Finance was among the RWA projects that Trump-linked World Liberty Financial purchased during its alt shopping spree.
Further, Binance added its ONDO assets recently.
⚠️ Binance continuing to send $ONDO to their cold wallet. How much do they need to accumulate before they list the future of finance‼️‼️‼️
However, the RWA token has underperformed despite the significant interest from top market participants.
Ondo price outlook
ONDO changes hands at $1 after gaining over 2% in the past 24 hours.
MasterCard’s announcement propelled the alt from daily lows of $0.94 to surpass the psychological $1 mark.
However, ONDO recorded bearishness on its weekly chart, losing nearly 20% over the past seven days.
Technical indicators confirm the downward stance.
Firstly, Ondo Finance’s price hovers beneath the key 50-day and 200-day EMAs, reflecting dominant bear influence.
Also, the 1D Moving Average Convergence Divergence maintains a sharp diversion beneath the signal line.
The massive red histograms signal irresistible selling pressure.
That highlights substantial bearish pressure, suggesting short-lived gains for the token.
Moreover, bears dominate the crypto space, triggering a 2% slide in the global cryptocurrency market cap to $2.86 trillion.
Ondo will hardly sustain its price above $1 amidst such sentiments.
The alt requires robust bull momentum, possibly during broad-based recoveries for decisive uptrends.
Nevertheless, institutional partnerships position ONDO to dominate the RWA industry in the coming months and years.
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