Ondo overtakes BlackRock’s BUIDL – Is tokenized yield finding a new favorite?

Real-world asset tokenization has accelerated, and most chains are scrambling to get a share of the pie. As AMBCrypto earlier reported, the total value tokenized has so far exceeded $39 billion. Amid this record-breaking run, ONDO has become one of the leading players, especially for the US tokenized treasuries. Ondo's USDY overtakes BlackRock's BUIDL. In a major shift in power dynamics, Ondo's USDY overtook BlackRock's BUIDL to become the largest tokenized US Treasury product. Ondo's USDY total asset value surged 4.15% to $2.37 billion. The asset's value rose, largely driven by a growing number of holders.

Source: AMBCrypto