Ondo Finance buy $25M YLDS to boost OUSG yield
Ondo Finance don buy $25 million worth YLDS stablecoin from Figure to diversify and boost the collateral wey dey back their OUSG (Ondo Short-Term U.S. Government Treasuries) token. OUSG get over $780 million total value locked now, e dey offer 24/7 redemptions and e dey target 3.68% annual yield. Di YLDS buy add more on-chain real-world assets join di tokenized U.S. Treasuries from BlackRock and Fidelity. For October, Ondo Finance don expand over 100 tokenized stocks and ETFs for BNB Chain. On November 18, di company receive regulatory approval from Liechtenstein Financial Market Authority to serve investors across EU and EEA. Meanwhile, ONDO token don face selling pressure and capital outflows this month. This development show sey demand for tokenized real-world asset yields dey increase and e fit affect market liquidity and trader strategies.
Bearish
Even though Ondo Finance buy YLDS for $25 million and EU regulator approval dey make their OUSG yield product strong, the ONDO token don face capital waka dem and break technical support for November. Short-term traders fit still dey careful because bearish momentum dey. For long term, if dem extend tokenized assets plus get wider EU presence, e fit balance liquidity and help price recover, but as e be now, market sentiment still dey bearish.