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Stablecoin Updates: Ondo Investment, Tether Gold, and Market Forecasts
11/28/2025, 07:36
AI SUMMARY
●Ondo Finance invests $25M in Figure's YLDS to back OUSG fund
●Tether reportedly purchased 24 tons of gold in Q3, exceeding some nations
●Polygon executive predicts stablecoin issuers to reach 100k in 5 years
Ondo Finance has made a $25 million strategic investment in Figure's yield-bearing stablecoin ($YLDS) and will use it to diversify the reserves of its OUSG fund. Separately, reports indicate Tether purchased 24 tons of gold in Q3, a pace exceeding that of some central banks.
Polygon's Head of Payments has predicted a "super cycle" for stablecoins, estimating that the number of issuers could grow to 100,000 within the next five years. This suggests a shift where traditional banks may need to restructure models to compete.