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Why do you think the SEC isn't providing clear regulations for the industry and stonewalling growth? Why do you think despite all this, the SEC approved the Blackrock BTC ETF? How do you think thhat despite the SEC's power, Blackrock, the institute managing the US government's asset book, got the SEC to approve the ETF? This isn't some conspiracy, big players have entered this market now. Players that want to control the flow, get paid all the fees, get their pockets filled. USDY is Blackrock's stablecoin, and will be backed by Wall street's most influential. Banks don't want to work with Tether because banks want Tether to fuckin die. They are stonewalling waiting for their desired replacement. I hope you enjoyed this lesson.
tldr; Ondo Finance has made a significant move in the Real World Asset (RWA) tokenization sector by transferring $95 million into a tokenized fund managed by BlackRock, marking the first instance of a crypto protocol utilizing such a fund to enhance its services. This initiative has led to a surge in market values for Ondo Finance and other projects in the RWA sector, with Ondo Finance now boasting a market capitalization of $1.3 billion and a tokenized asset portfolio of around $200 million. The firm focuses on tokenizing stable, income-generating assets from the traditional financial sector, offering products like the OUSG fund and the USDY stablecoin to accredited investors and the retail market, respectively. These steps have significantly increased Ondo’s valuation and positioned it as a leader in the growing RWA sector, now valued at around $9.3 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.