The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.
Ondo Finance Plans Yield-Generating Stablecoin Alternative For Institutional Investors
April 13, 2023
CoinDesk