Ondo Finance Forms Partnership With Mastercard, Joins Payment Behemoth’s Multi-Token Network Blockchain
Mastercard is announcing a new partnership with Ondo Finance (ONDO) that will see the project join the credit card giant’s Multi-Token Network (MTN), a blockchain that links commercial banks and digital assets.
In a new press release, Mastercard says it is joining forces with the real-world asset (RWA) tokenization protocol because the firm believes blockchains are the future of business-to-business transactions due to their efficiency.
“Blockchain technology has the potential to transform the way businesses pay one another. Even in 2025, the complex work of settling the world’s business transactions sometimes requires waiting several days as banks communicate and sync their accounts with each other. Blockchains, on the other hand, can quickly process and settle transactions any time of day, any day of the week.”
Ondo’s chief strategy officer, Ian De Bode, told Mastercard in an interview that tokenizing traditional assets such as gold and securities and allowing them to be traded over blockchains will allow investors to escape the limited framework of traditional finance.
“When you put a traditional asset, such as an investment security, on the blockchain, you enable transactions around the clock, and you can integrate it into smart contracts.
You can do that without centralized counterparties. You’re not reliant on the infrastructure of traditional financial services, which do not work 24/7 and tend to be pretty siloed.”
De Bode goes on to predict that “we will see tokenized stocks, ETFs (exchange-traded funds) and the ability to borrow against them on-chain” faster than most people believe.
ONDO is trading for $0.967 at time of writing, a 1.8% decrease during the last 24 hours.
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The post Ondo Finance Forms Partnership With Mastercard, Joins Payment Behemoth’s Multi-Token Network Blockchain appeared first on The Daily Hodl.
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Circle CEO says US dollar-pegged stablecoins should be registered in the US
Circle co-founder Jeremy Allaire has called for US dollar-pegged stablecoin issuers to be registered in the United States, emphasizing the need for regulatory clarity as lawmakers introduce new legislation on digital assets.
Allaire made the statement during a Bloomberg interview on Feb. 26 amid growing discussions in Washington over stablecoin oversight, a key issue in shaping the future of crypto regulation.
The call for formal registration aligns with efforts by some policymakers to bring stablecoin issuers under a clear legal framework, particularly as the market for dollar-pegged digital assets expands.
Legislative efforts
Stablecoins play a significant role in digital asset markets, serving as a bridge between traditional finance and cryptocurrencies.
However, regulatory uncertainty has persisted, with questions about reserve backing, consumer protections, and financial stability risks.
Earlier this month, Senator Bill Hagerty (R-Tenn.) introduced a bill aimed at creating a federal framework for stablecoin regulation. The legislation is among the first crypto-related measures expected to be debated under President Donald Trump’s second term.
Trump has signaled support for positioning the US as a leader in the crypto industry, setting the stage for potential regulatory shifts that could impact stablecoin issuers like Circle.
Industry push for clarity
Circle’s USDC is the second-largest stablecoin by market capitalization, following Tether Limited’s USDT. The firm has positioned itself as a more transparent and regulatory-compliant issuer compared to its rivals.
The company has long advocated for a clear legal framework that would allow stablecoins to operate within the US financial system rather than in regulatory gray areas. However, some argue that this could potentially hamper innovation and competition in a global market.
Allaire’s call for US registration aligns with broader industry efforts to establish trust and stability in the market. While some lawmakers and regulators have expressed concerns about stablecoins’ potential impact on financial stability, others argue that well-regulated issuers could enhance payment efficiency and innovation.
With stablecoins now central to the cryptocurrency ecosystem, the ongoing debate over their regulation is likely to shape the future of digital finance in the U.S. Whether Hagerty’s bill gains traction or undergoes significant revisions, the push for clarity in stablecoin oversight marks a crucial moment for both the industry and policymakers.
The post Circle CEO says US dollar-pegged stablecoins should be registered in the US appeared first on CryptoSlate.
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The stablecoin regulation wars: can Tether stay on top?
