Ondo Price Under Pressure as Spout Finance Launches Stock-Backed Loans

Ondo Finance is broadening the use cases of its tokenized stock ecosystem via a new integration with Spout Finance, which lets users borrow USDC against Ondo Stocks on Solana. Although this move adds another use case for tokenized real-world assets (RWAs), ONDO’s market performance still shows substantial selling pressure. At the time of writing, Ondo price is trading at $0.3484, down 2.84%, based on the supplied TradingView ONDO/USDT daily chart on Binance. The token is still below all four major exponential moving averages (EMAs), and derivatives data indicates falling market participation. Also Read: Ondo Leads RWA Market With $4B Market Cap as ONDO Price Eyes Recovery In an announcement on X, Ondo Finance stated that Spout Finance will accept Ondo Stocks as collateral on Solana, giving users access to USDC…

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