Ondo Finance's total value locked (TVL) surpassed $2 billion this week, reaching a new all-time high, primarily driven by assets on Ethereum totaling approximately $1.5 billion. Its flagship product, OUSG, currently holds over $820 million in short-term U.S. Treasury bonds.

BlockBeats News, December 17 — The Solana synthetic stablecoin protocol Solstice has selected Ondo's OUSG as collateral for its USX stablecoin. OUSG holds a diversified institutional tokenized US Treasury bond portfolio from some of the most trusted asset management firms worldwide, including BlackRock, Fidelity, Franklin Templeton, State Street, WisdomTree, and Wellington Management.

According to BlockBeats news on November 24, Ondo Finance announced an investment of $25 million in Figure's yield-generating stablecoin YLDS to enhance the income sources of its flagship tokenization fund OUSG and improve diversification. OUSG currently has a TVL of over $780 million, with underlying allocations in BlackRock, Fidelity, Franklin Templeton, WisdomTree, and FundBridge.