The price of one dollar is returned to the MasterCard Ondo Finance as the first RWA provider
MasterCard merged Ondo Finance as the first real asset provider in the multiple network (MTN).
Integration will allow companies to reach the declared treasury bonds in the United States. MasterCard I mentioned:
This is the idea behind the last MasterCard and Oondo Finance, which will make institutional financial assets, such as money that invests in US Treasury bonds, is available in digital form.
This means that the asset protocol in the real world will join MTN MasterCard- a decentralized platform linking banks to virtual assets of safe and fast transactions.
The news raised the price of ONDO during the past 24 hours.
Altcoin recovered $ 1 in spacious declines on the market.
Mastercard Taps ono Finance
Oondo Finance confirmed her recent cooperation with MasterCard yesterday.
The payment giant will integrate Ondo into its multi -advanced network as the first symbolic Raws.
According to the Oondo team,
This integration will bring the OUSG Ministry of Treasury in the short term to MNT, allowing companies on board with Oondo to smoothly reach the benefits of symbolic cabinet.
1/ @MasterCard It enters Oondo financing to the MTN (MTN) network as the first RWA provider on the network. MTN enables banks to provide digital financial services to integrated companies, and the ONDO fund will be in the short term of the US Treasury (OSG) first symbol …
This step eliminates the need for settlement windows or slopes on the slopes, as OSG allows companies to receive the daily return through symbolic products with recovery and subscriptions around the clock throughout the week.
Unlike the purchase of cryptocurrencies, OUSG On MTN allows companies to settle through old -style old banking slopes.
This relieves the need for more encryption or buy stablecoins.
The flexible recovery of institutions that can come out without restrictions means.
RWA projects are gaining traction
The cryptococcus -associated currencies in the real world are witnessing stable attention despite the poor performance in the market.
Institutional players seem to be not behind the significant decreases in prices.
Besides MasterCard, Ondo Finance was among the RWA projects that World Liberty Financial associated with TROMP during the Alt shopping spree.
Moreover, Binance has recently added Oondo assets.
Binance continues to send $ ono For their cold wallet. How much they need to accumulate before the future of financing is included
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However, the RWA symbol has been poorly performed despite the great attention of the major market participants.
Oondo Price Outlook
Oondo changes the hands at one dollar after getting more than 2 % in the past 24 hours.
MasterCard Alt advertisement paid from its lowest daily levels from $ 0.94 to exceed the $ 1 psychological mark.
However, Oondo recorded the landing on its weekly scheme, and lost nearly 20 % over the past seven days.
Technical indicators confirm the declining position.
First, the price of the Oondo Finance is hovering under the main Emas for 50 days and 200 days, reflecting the effect of the dominant bear.
Also, the different moving average rapprochement maintains 1D on a sharp conversion below the signal line.
The huge red graphs that irresponsible of the sale of sale indicate.
This highlights the great declining pressure, indicating short -term gains for the distinctive symbol.
Moreover, the bears are dominated by the encryption space, which leads to 2 % slide in the maximum global cryptocurrency market to $ 2.86 trillion.
Oondo will not maintain its price over $ 1 amid such feelings.
Alt requires a strong bull momentum, perhaps during the wide recovery of the decisive climb.
However, institutional partnerships in the Ondo mode to control the RWA industry in the coming months and years.
Posto 1 dollar is recovered as MasterCard Ondo Finance is the first RWA provider first appeared on Invezz
