Ondo’s Tokenized Treasury Product Just Passed BlackRock’s BUIDL. Is ONDO Undervalued?
Oct 18 2026 19:08 UTC - Sam Daodu
Ondo's USDY tokenized Treasury product passed BlackRock's BUIDL, yet ONDO fell 9% in a week. Does that make ONDO undervalued?
➤ Ondo's tokenized Treasury product (USDY) has surpassed BlackRock's BUIDL in size, yet the ONDO governance token's value has declined significantly.
➤ The article argues that USDY's growth does not directly translate to ONDO's value, as ONDO holders lack claims on USDY's reserves or Ondo Finance's fees.
➤ Ondo's US expansion and revenue generation appear to be independent of the ONDO token's demand, suggesting it is not currently undervalued despite business growth.
Read more at: https://rwatimes.io/articles/247wallst-ondos-tokenized-treasury-product-just-passed-black-rocks-buidl-is-ondo-undervalued-1283933860?utm_source=binance
Oct 18 2026 19:08 UTC - Sam Daodu
Ondo's USDY tokenized Treasury product passed BlackRock's BUIDL, yet ONDO fell 9% in a week. Does that make ONDO undervalued?
➤ Ondo's tokenized Treasury product (USDY) has surpassed BlackRock's BUIDL in size, yet the ONDO governance token's value has declined significantly.
➤ The article argues that USDY's growth does not directly translate to ONDO's value, as ONDO holders lack claims on USDY's reserves or Ondo Finance's fees.
➤ Ondo's US expansion and revenue generation appear to be independent of the ONDO token's demand, suggesting it is not currently undervalued despite business growth.
Read more at: https://rwatimes.io/articles/247wallst-ondos-tokenized-treasury-product-just-passed-black-rocks-buidl-is-ondo-undervalued-1283933860?utm_source=binance