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Ondo Finance (ONDO) and PayPal USD (PYUSD) Integration Sparks 35% Token Surge: What’s Next?

Ondo Finance (ONDO) and PayPal USD (PYUSD) Integration Sparks 35% Token Surge: What’s Next?

CoinEditionCoinEdition2024/11/18 16:00
By:Abdulkarim Abdulwahab

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.

  • 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.

Ondo Finance (ONDO) and PayPal USD (PYUSD) Integration Sparks 35% Token Surge: What’s Next? image 0 Ondo Finance (ONDO) and PayPal USD (PYUSD) Integration Sparks 35% Token Surge: What’s Next? image 1 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 Blockchain, emphasized the significance of this partnership, highlighting how PYUSD enables fast and cost-effective settlements. 

Ondo Finance CEO Nathan Allman stated that the collaboration expands investor options for settlement solutions while keeping more assets on-chain.

Notably, Ondo Finance continues to lead the charge in tokenizing real-world assets, recently surpassing $600 million in Total Value Locked (TVL) . Its OUSG product offers tokenized U.S. Treasuries, providing a low-risk, yield-bearing alternative for on-chain investors. 

What’s Next for ONDO Token?

While the ONDO token has surged significantly since the partnership announcement, analysts believe it has more upside potential. Analyst Kyren noted ONDO’s 74% weekly increase, drawing attention to the token’s all-time high (ATH) trading volume. Given the surge in market activity, he predicted that an all-time high price could follow.

Another analyst, Crypto Winkle, highlighted a breakout from a long-standing falling wedge pattern. After 230 days of accumulation, ONDO is now breaking out of its bearish trend.
 
Winkle issued profit-taking targets at $1.55, $2.24, and $3.40, representing a potential 240% gain from current levels. The analyst also speculated that a Binance listing could further accelerate ONDO’s price momentum.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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