Ondo Finance, in collaboration with BlackRock, proposed to Sky to introduce the former's U.S. Treasury fund OUSG

ChainCatcher message, Ondo Finance stated on platform X that it has partnered with BlackRock and Securitize to submit a proposal introducing Ondo's short-term U.S. Treasury OUSG to the Spark tokenization competition of Sky (formerly MakerDAO).

It is reported that OUSG is an on-chain financial product that offers returns consistent with short-term U.S. Treasuries, with an asset management scale of approximately $229 million. Ondo hopes that OUSG can serve as an effective support for Sky's stablecoin USDS, enhancing the yield and liquidity of the Sky ecosystem.