Why XRP Only Rose 2.5% While ONDO Surged 29% Amid the First Near Real-Time US Treasury Redemption
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Wednesday marked the first near real-time US Treasury redemption settled on the XRP Ledger, a major institutional blockchain test signaling on-chain settlement and institutional adoption of crypto for government debt. Market reaction was mixed: XRP rose about 2.5% (muted), while ONDO surged ~29%, highlighting a divergence in token performance and potential demand for custody/fund products; key keywords: crypto, XRP Ledger, on-chain settlement, US treasuries, institutional adoption, token performance.
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XRP saw limited price reaction following yesterday’s cross-border US treasuries settlement on the XRP Ledger, while ONDO rallied considerably. A major institutional blockchain test took place on Wednesday.
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