Ondo Finance has successfully deployed 104 stock tokens on its tokenized platform between July 23 and August 13. Users can purchase these stock tokens using USDC, which is first converted into Ondo's stablecoin, USDon, during the transaction. The stock tokens are minted from the Null address (0x00…0000) and provided to users. Upon selling, the stock tokens are burned from the Null address, and the corresponding USDon is converted back into USDC for the user.
Ondo Finance Launches Tokenized Platform with 104 Stock Tokens
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