Ondo Finance and Zebec Network Cooperation: Here's What You Need to Know!

Bittime - The world of decentralized finance (DeFi) is again enlivened by the announcement of a collaboration between Ondo Finance and Zebec Network. So what are the goals of this partnership?

Ondo Finance as a pioneer in DeFi, collaborates with Zebec Network, a platform specializing in tokenized real-world assets (RWA). The partnership is expected to revolutionize the real-time payroll system with Zebec's advanced payment technology and Ondo's USDY stablecoin system.

Improve Payment Efficiency 

The collaboration between Ondo Finance and Zebec Network aims to expand the operations of USDY, a stablecoin known for its stability. In addition, the partnership will also integrate Zebec's proprietary Instant Card technology and RWA payment solutions.

This combination of technologies is expected to provide "real, free, and trouble-free" financial services to companies, traders, and individual users, increasing efficiency as well as experience in financial management and payroll.

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Supported by Ondo Finance and Zebec Network Officials

"Zebec's continuous payment technology revolutionizes payroll systems by enabling payouts per second, improving efficiency and ultimately the end-user experience. The integration of USDY into Zebec's payment solutions is both an attractive and logical option," said Justin Schmidt, president of Ondo Finance.

The integration of USDY into Zebec's product suite marks a significant step in redefining the global financial ecosystem. With a current market capitalization of $7.8 trillion (approximately Rp116,200 trillion) and a growth rate of 11.3%, the RWA market offers great opportunities for both companies. Daily trading volume in this ecosystem reached $494.3 million (approximately Rp7.37 trillion), reflecting strong activity and the potential for further expansion.

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"This integration marks a significant advance in our joint quest to redefine the global financial ecosystem. By combining USDY, a RWA asset, we further enhance Zebec's product suite, empowering businesses and individuals to manage their finances immediately and with unprecedented efficiency," said Sam Thapaliya, founder of Zebec Network.

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Positive Impact for ONDO Token

This announcement had a positive impact on Ondo Finance's native token, ONDO, which rose 6% from $0.76 (around Rp11,300) to $0.83 (around Rp12,300) before stabilizing at $0.80 (around Rp11,800). In addition, ONDO's trading volume increased by 4.78%, and its market capitalization grew by 0.98%, reaching $1.10 billion (around Rp16.38 trillion). This market response reflects confidence in this new partnership and its potential to revolutionize financial services.

Zebec Network Plans to Offer Passive Income

Going forward, Zebec Network plans to offer passive income opportunities to users by accessing their returns in USDY via Instant Card.

It should be noted, USDY will not be available in the United States to ensure compliance with U.S. Securities Laws. This step shows the company's commitment to comply with applicable regulations and maintain the integrity of their financial system.

Conclusion

The collaboration between Ondo Finance and Zebec Network shows how innovations in blockchain technology can bring significant changes in the way we manage finances.

By combining continuous payment technology and stable stablecoins, these two companies offer more efficient and secure solutions for users around the world. Through this partnership, Ondo Finance and Zebec Network are not only expanding their services but also strengthening their position as leaders in the DeFi industry.

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How to Buy Ondo Finance (ONDO) on Bittime

You can buy and sell Ondo Finance (ONDO) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Ondo Finance (ONDO) is available on Bittime with the ONDO/IDR market pair. To be able to buy Ondo Finance (ONDO) on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Ondo Finance (ONDO) on Bittime.

Monitor the price chart movements of Ondo Finance (ONDO), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.