INTRODUCING INSTANT, 24/7/365 SUBSCRIPTIONS AND REDEMPTIONS; SHIFTING OUSG FUNDS INTO BLACKROCK’S BUIDL

Summary from the TLDR Crypto newsletter

Ondo is launching instant investment and redemption for its OUSG product, bypassing traditional securities settlement times. An additional form of OUSG, described as rOUSG, will maintain a steady mint/redeem price of $1.00, with yields distributed daily. A conversion tool will also facilitate immediate OUSG and rOUSG conversion. Meanwhile, a significant portion of OUSG's assets will be placed into the BlackRock USD Institutional Digital Liquidity Fund.