Ondo Finance Joins Mastercard Network for Cross-Border Payments
Ondo Finance has joined the Mastercard network to enhance cross-border payments.
The Short-Term U.S. Government Treasuries Fund (OUSG) will be accessible to businesses via Mastercard's Multi-Token Network (MTN), offering yields through tokenized assets.
Most of OUSG's assets are in BlackRock's USD Institutional Digital Liquidity Fund (BUIDL), which is the largest blockchain-based money market fund, backed by U.S. government bonds.
Mastercard's MTN uses API-enabled blockchain tools to streamline transactions for banks.
This development allows financial institutions and corporations to access cryptocurrencies and digital assets without needing separate crypto infrastructure.