Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors

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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.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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