Ethereum News Today: ONDO surges 5% on 21Shares ETF filing 4.49% gain after Binance US listing USDY expansion boosts global adoption

Ondo Finance’s ONDO token has seen significant momentum in July 2025, driven by strategic partnerships, product launches, and institutional adoption. The token surged 5% following 21Shares’ filing for the first U.S.-based ETF tied to ONDO, a move signaling growing institutional confidence in its tokenized U.S. Treasury products [1]. Binance US listing the token on July 6 further broadened accessibility for U.S. investors, with ONDO climbing to $1.05 by July 18 after a 4.49% price increase [2]. The token’s V-shaped recovery from an accumulation zone around $0.7 underscores its resilience amid market volatility [3].

A pivotal development was Ondo’s collaboration with Alchemy Pay to expand access to its USDY stablecoin, backed by U.S. Treasuries and cash equivalents. This integration allows users in 173 countries to purchase USDY via local currencies through Visa, Mastercard, Apple Pay, and bank transfers [3]. By leveraging Solana’s blockchain for low-cost transactions, USDY offers a yield-generating alternative to traditional stablecoins, addressing demand in inflationary markets and regions with limited financial access [4]. Small and medium enterprises in Latin America and Southeast Asia are already adopting USDY for cross-border payments, while crypto treasuries are reallocating reserves to the token to optimize risk-adjusted returns [3].

Technical analysis supports ONDO’s bullish trajectory. Analyst Ali Martinez identified a potential $2.80 price target based on a 3-day chart showing a clean upward channel [5]. The MTF Mean Reversion Indicator has also highlighted multiple short-term buy opportunities during intraday volatility [6]. These signals align with broader market trends, as Ondo’s real-world asset (RWA) tokenization strategy gains traction among institutional and retail investors.

The regulatory landscape remains a critical factor. The 21Shares ETF filing represents progress toward U.S. regulatory clarity for RWA tokenization, though broader adoption will depend on compliance frameworks balancing innovation and oversight [7]. Ondo’s Ethereum-based compliance approach and institutional-grade asset offerings differentiate it in a competitive market, where projects like Sei Network focus on derivatives infrastructure.

ONDO’s strategic focus on global RWA adoption is evident in its USDY expansion and plans to diversify tokenized treasury offerings across multiple blockchains. By reducing entry barriers for non-U.S. investors, Ondo is positioning itself to bridge traditional finance and decentralized ecosystems, with USDY’s practical applications reinforcing its value proposition in emerging markets.

Source: [1] [Ondo Surges 5% as 21Shares Files for an ONDO ETF](https://www.msn.com/en-us/money/markets/ondo-surges-5-as-21shares-files-for-an-ondo-etf/ar-AA1J7BBb)

[2] [ONDO Surges 4.49% Following Binance.US Listing and ETF Filing News](https://blockchain.news/news/20250724-ondo-surges-449-following-binanceus-listing-and-etf-filing-news)

[3] [Alchemy Pay Opens 173 Countries to Ondo’s USDY Token, Boosting Tokenized Treasury Access](https://www.cryptoninjas.net/news/alchemy-pay-opens-173-countries-to-ondos-usdy-token-boosting-tokenized-treasury-access/)

[4] [ONDO.X](https://stocktwits.com/symbol/ONDO.X)

[5] [Here’s Where This Analysts Say ONDO Price Could Go Next](https://captainaltcoin.com/heres-where-this-analysts-say-ondo-price-could-go-next/)

[6] [ONDO Trading Analysis: MTF Mean Reversion Indicator Flags Multiple Dip Buying Signals for ONDO](https://blockchain.news/flashnews/ondo-trading-analysis-mtf-mean-reversion-indicator-flags-multiple-dip-buying-signals-for-ondo)

[7] [Ethereum News Today: ONDO vs. SEI: 2025 Bull Cycle Showdown](https://www.ainvest.com/news/ethereum-news-today-ondo-sei-2025-bull-cycle-showdown-defi-derivatives-rival-altcoin-dominance-2507/)