"Ondo Finance & Mastercard: A Milestone for DeFi Adoption"

Ondo Finance, a leading decentralized finance (DeFi) platform, has signed a significant deal with Mastercard, marking a major milestone for the company. The agreement will see one of Ondo Finance's tokenized real-world assets (RWAs) join Mastercard's multi-token network, a move that could have substantial implications for the Ondo Finance token (ONDO) price.

The deal, announced via Twitter, involves Ondo Finance's Short Term US Treasuries Fund (OUSG) becoming the first RWA on Mastercard's Multi-Token Network (MTN). The MTN enables banks to offer digital financial services to integrated businesses, and Ondo's OUSG will be the first tokenized asset to be offered on the network.

This news comes at an exciting time for the cryptocurrency industry, with the return of Donald Trump to the White House seemingly inaugurating a period of mainstream adoption and growth. Ondo's deal with Mastercard puts it at the forefront of any potential crypto adoption by mainstream financial institutions.

Ondo Finance prepared the ground for such deals earlier in February when it launched Ondo Chain, a blockchain designed expressly to underpin tokenized real-world assets. The launch of Ondo Chain was accompanied by a tweet outlining its key features, which include combining the best aspects of public and permissioned blockchains to provide the infrastructure for institutions and the financial sector.

The overall and long-term picture for ONDO remains very bullish, despite its recent price performance. The token has plunged by 10% in the past 24 hours, falling to $0.907 as the cryptocurrency market as a whole loses 8.5% today. This drop puts ONDO at a 26% loss in a week and a 35% decline in a month. However, the DeFi token does retain a healthy 110% increase in the past year.

The key thing to look out for is the 30-day average (orange), which is expected to drop below the 200-day (blue) today, forming a death cross. This usually signals a selloff, so we may have more pain for a few more days yet, if not longer. However, once the 30-day has bottomed, ONDO could be in for a recovery, with its RSI (purple) also suggesting