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- KuCoin proclaims help for the Ondo (ONDO) token on its buying and selling platform.
- On January 18, ONDO may be deposited and traded with USDT pairing.
- Utilizing public blockchains, Ondo goals to remodel the monetary panorama.
KuCoin, a well-established centralized cryptocurrency alternate, has formally introduced its help for Ondo (ONDO), a cryptocurrency challenge combining conventional and decentralized finance parts on public blockchains. By way of an official weblog put up and communication on its X deal with, KuCoin revealed its intentions to incorporate Ondo’s native token, ONDO, in its listing of supported property.
Within the notification, KuCoin expressed delight in supporting the ONDO token on its spot buying and selling service. In keeping with the announcement, the door for deposits of ONDO tokens has been opened for the supported community Ethereum ERC20.
Considerably, the official buying and selling for ONDO is about to start on Thursday, January 18. The designated buying and selling pair for ONDO would be the Tether USD (USDT) stablecoin. Customers can have the power to withdraw their ONDO beginning the subsequent day, Friday, January 19.
For the uninitiated, Ondo is devoted to reworking the monetary panorama by converging conventional and decentralized finance on public blockchains. The DAO goals to democratize entry to institutional-grade monetary services and products. This ensures their availability to people worldwide, no matter their geographic or socioeconomic background.
As a frontrunner within the Actual World Asset (RWA) sector, Ondo actively helps the tokenization of conventional monetary property by stewardship of protocols like Flux Finance, enhancing on-chain utility for RWAs. ONDO serves because the governance token for the Ondo DAO. The Ondo ecosystem contains key entities corresponding to Ondo Finance, the Ondo Basis, and Flux Finance.
Earlier than KuCoin prolonged help for ONDO’s token, the alternate had equally listed MANTA, a modular blockchain centered on zero-knowledge (ZK) functions. Additionally, it has listed Soul Society’s token HON, which is main the cost in crafting a Web3 Social ID.
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