Coin Price Surges 20%, Will ONDO Also Participate in the White House Cryptocurrency Summit?

In the ever-changing landscape of the crypto market, every shift in policy direction can trigger massive fluctuations. Recently, the news of the White House's first Crypto Summit on March 7, 2025, ignited market sentiment. This was quickly followed by Trump's announcement of establishing a "Cryptocurrency Strategic Reserve," a political drama that set off a series of highs in the entire crypto market.

As one of the tokens related to the March 7th meeting, ONDO saw a strong uptrend on March 6th, with a gain of approximately 20% by March 6th and fundamental support from a TVL surpassing $10 billion. Behind this round of gains, aside from policy catalysis, what other underlying driving factors are at play?

Wall Street's "Whirlwind Player"

In this frenzy, ONDO seemed to have stepped into Wall Street's whirlwind. As a leading player in the RWA track, ONDO Finance early on brought US Treasuries onto the chain, effectively turning DeFi into Wall Street's "sophisticated financial product."

OUSD (tokenized US Treasuries) + USDY (dollar yield product) may sound like traditional finance, but it's actually banking in the Web3 world. Institutions applauded, retail investors shed tears, everyone wanted a slice of the pie.

By March 6, 2025, ONDO's TVL surpassed $10 billion, reaching a historical high and accounting for 85% of the entire tokenized US Treasury market. If RWA is the "money printer" in Web3, then ONDO is undoubtedly the one who prints the most. With support from heavyweights like Pantera Capital, Coinbase Ventures, and others, ONDO's surge is like the Federal Reserve on Red Bull, soaring to a market cap approaching $37.5 billion.

Since the massive $20 billion unlock of ONDO tokens in mid-January, ONDO's price has remained robust, with ONDO Finance's TVL also rising by nearly 100%. As one of the leading tokens in the RWA track, ONDO saw a more than 40x increase throughout 2024, second only to MANTRA Chain's OM token.

This year, ONDO will once again experience a peak unlock, with approximately 61.4% of ONDO tokens set to be unlocked over the next 10 months. ONDO's current circulating market cap is $37 billion, with a fully diluted market cap of $116 billion.

Will ONDO CEO Also Visit the White House?

Nathan Allman, the CEO of ONDO Finance, has recently been speculated to possibly attend a White House event, as ONDO is a crypto project that has donated to the Trump Inaugural Committee, and the Trump family's crypto project WLFI has previously invested in the On token ONDO.

Nathan Allman has expressed support for the U.S. cryptocurrency strategic reserve initiative, stating, "As a blockchain company headquartered in the United States, we believe that President Trump establishing a U.S. strategic cryptocurrency reserve is a key step towards U.S. digital asset leadership."

How Far Has Tokenized U.S. Debt Come?

In a nutshell: In just two years, it has reached a scale of 4 billion dollars, as stable as the Fed's printing press.

According to RWA.xyz's data, the tokenized U.S. debt market has surpassed $4 billion, where stablecoins took four years to reach this stage. Capital has a keen sense of smell—security, liquidity, institutional-grade yields, once these three are in place, money naturally flows in.

ONDO Finance has directly brought RWA into Mastercard's ecosystem, as it has joined Mastercard's Multi-Token Network (MTN), allowing enterprises to access OUSG directly through Mastercard's blockchain infrastructure. This means that traditional financial institutions don't even need to touch a crypto wallet to earn returns through tokenized assets.

In simple terms, Mastercard's MTN uses API-supported blockchain tools to help banks and enterprises simplify domestic and cross-border transactions, enabling traditional financial institutions to seamlessly connect with digital assets without dealing with crypto accounts.

In short: Mastercard is building the bridge ahead, while ONDO is paving the way behind, and the RWA expressway has officially opened.

ONDO's recent price surge is not unjustified, as the RWA track is indeed experiencing rapid growth. The recent rapid development of stablecoin tracks is also being increasingly discussed, with stablecoins not only serving as a payment tool in the Multi-Token Network but also playing a role as a "stable anchor" in the underlying RWA infrastructure.

Of course, market sentiment is always changing rapidly, and whether the situation can stabilize next will depend on policy implementation, institutional support, and capital inflows. However, what can be confirmed is that RWA has transitioned from a mere "concept" to a "reality," and ONDO, as a key player, will be closely watched to see what steps it takes next in the market.

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