Ondo Finance, a pioneer in the DeFi space, has announced a strategic partnership with Zebec Network, a platform specializing in tokenized real-world assets (RWA).
This partnership aims to enhance real-time salary payments using Zebec 's advanced payments technology and Ondo's USDY stablecoin system.
Ondo Finance cooperates with Zebec Network
The partnership seeks to expand the operations of USDY, a stablecoin known for its stability and performance. It will also integrate Zebec 's Instant Card technology and RWA payment solutions.
The combined technologies aim to provide companies, traders and individual users with “real, free and problem-free” financial services, improving efficiency and overall experience of Payroll and financial management.
Justin Schmidt, president of Ondo Finance, said :
Zebec Network's continuous payments technology revolutionizes payroll by enabling payments every second, improving efficiency and ultimately the end user experience. Zebec integration of USDY into its payment solutions is an interesting but logical choice.
The integration of USDY into Zebec 's product suite marks an important step in redefining the global financial ecosystem.
With a current Capital of $7.8 trillion and a growth rate of 11.3%, the RWA market offers significant opportunities for both companies. Daily volume in this ecosystem is 494.3 million USD, reflecting strong activity and potential for further expansion.
Sam Thapaliya, founder of Zebec Network, said:
This integration marks a significant step forward in our shared mission to redefine the financial ecosystem globally. By incorporating USDY, an RWA asset, we further enhance Zebec's product suite, empowering businesses and individuals to manage their finances with immediate and unprecedented efficiency.
This announcement had a positive impact on the price of Ondo Finance's native token, ONDO, which increased 6% from $0.76 to $0.83 before stabilizing at $0.80. In addition, ONDO's volume increased by 4.78% and market Capital increased by 0.98%, reaching 1.10 billion USD. This reaction reflects market confidence in the new partnership and its potential to revolutionize financial services.
In the future, Zebec Network plans to provide users with passive income opportunities by receiving their profits in USDY through Instant Card. Notably, USDY will not allow trading in the United States, ensuring compliance with US Securities Laws.
