OKX Announces It Will List a New Altcoin Backed by Coinbase! Price Reacts!

The leading cryptocurrency exchange OKX started the new week with the listing of altcoins and announced that it will list the altcoin named Ondo ($ONDO).

“OKX will launch Ondo ($ONDO). The specific timeline is as follows:

$ONDO opening deposit time: 29 July 15:00

$ONDO/USDT currency trading opening time: 29 July 16:00

$ONDO opening time for withdrawals: 30 July 18:00

After the news, $ONDO price started to rise.

What is Ondo Finance ($ONDO)?

Ondo Finance focuses on the field of RWA tokenization with the aim of increasing the liquidity and efficiency of financial markets.

Ondo Finance offers a variety of products including OUSG funds and $USDY. The OUSG fund is a tokenized version of BlackRock's iShares Short Treasury Bond ETF, which provides liquid exposure to short-term U.S. Treasury bonds. $USDY is an interest-bearing stablecoin designed to provide returns to its holders, backed by short-term U.S. Treasury securities and bank deposits.

*This is not investment advice.