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The ONDO token has surged 35% this month, following Ondo Finance’s integration with PayPal USD (PYUSD). The token gained 9% in the last 24 hours, reaching $1.05. ONDO is up 13% over the past week as well.
This price action follows a major announcement on November 15, where Ondo Finance revealed its integration with PayPal USD (PYUSD). The collaboration enables instant conversions between PYUSD and Ondo Short-Term US Government Treasuries (OUSG), marking a significant step in bridging decentralized finance (DeFi) and traditional financial systems.
Expanding Liquidity and Utility
The partnership focuses on enhancing the minting and redemption process for OUSG using PYUSD. This development ensures 24/7 liquidity, allowing investors to subscribe to and redeem OUSG while facilitating faster transactions within Ondo’s ecosystem.
Jose Fernandez da Ponte, PayPal’s Senior Vice President of Blockchain, emphasized the significance of this partnership, highlighting how PYUSD enables fast and cost-effective settlements.
Ondo Finance CEO Nathan Allman stated that the collaboration expands investor options for settlement solutions while keeping more assets on-chain.
Notably, Ondo Finance continues to lead the charge in tokenizing real-world assets, recently surpassing $600 million in Total Value Locked (TVL). Its OUSG product offers tokenized U.S. Treasuries, providing a low-risk, yield-bearing alternative for on-chain investors.
What’s Next for ONDO Token?
While the ONDO token has surged significantly since the partnership announcement, analysts believe it has more upside potential. Analyst Kyren noted ONDO’s 74% weekly increase, drawing attention to the token’s all-time high (ATH) trading volume. Given the surge in market activity, he predicted that an all-time high price could follow.
Another analyst, Crypto Winkle, highlighted a breakout from a long-standing falling wedge pattern. After 230 days of accumulation, ONDO is now breaking out of its bearish trend.
Winkle issued profit-taking targets at $1.55, $2.24, and $3.40, representing a potential 240% gain from current levels. The analyst also speculated that a Binance listing could further accelerate ONDO’s price momentum.
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