ArkotNews

The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.

An industry report is expected to outline best practices in areas including due diligence and risk management.

Max Williams, chief operating officer at Runa Digital Assets, noted the upgrade will allow developers to focus on improving users' experience.

The total locked value of assets on the platform has risen over 300% since the start of this year, DefiLlama data shows.

The DEX, however, has been unable to maintain elevated periods of trading volumes in the past, CCData noted.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

Developers asked users to revoke contracts as a security measure early Sunday.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

Ronit Ghose says increasing use blockchain technology will be driven by digital financial instruments.

The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.