A groundbreaking DeFi platform, Ondo Finance, has formed a strategic alliance with Zebec Network, a RWA tokenization specialist.
The partnership between Zebec and Ondo, creators of the USDY stablecoin system, is an effort to improve the efficiency of real-time payroll payments.
A stablecoin with a stellar reputation for performance and reliability, USDY, is the target of the partnership’s expansion efforts. It will also include RWA payment options and Zebec’s Instant Card technology.
Improving the entire efficiency and user experience of payroll and financial administration, the integrated technologies strive to provide “genuine, free, and problem-free” financial services to firms, traders, and individual users.
Zebec Network’s continuous payment technology improves efficiency and the end-user experience by allowing payments per second, which revolutionizes payroll. According to Justin Schmidt, president of Ondo Finance, Zebec’s decision to include USDY in its payment solutions is both a thrilling and reasonable choice.
Zebec has taken a giant leap towards reshaping global financial ecosystems with the addition of USDY to its product line.
Both businesses stand to gain significantly from the RWA market, which has a present valuation of $7.8 trillion and is growing at a pace of 11.3%. With a daily trading volume of $494.3 million, this ecosystem is clearly quite active and has a lot of room to grow.
In our joint effort to reimagine financial ecosystems throughout the world, this integration represents a giant leap forward. The addition of USDY, a RWA asset, strengthens Zebec’s product line, allowing users to handle their money instantly and more efficiently than ever before,” said Sam Thapaliya, creator of Zebec Network.
Ondo Finance’s native token, ONDO, surged 6% from $0.76 to $0.83 on the announcement before levelling out at $0.80. In addition, the market capitalization of ONDO reached $1.10 billion, up 0.98% from the previous quarter, and the trading volume climbed by 4.78%.
The market’s reaction shows how much faith investors have in the new alliance and how it may change the financial services industry.
The future of Zebec Network is bright, as the Instant Card will allow users to obtain their returns in USDY, creating prospects for passive income. Importantly, USDY will not be accessible from within the US, guaranteeing conformity with US Securities Law.
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