Founder of The Block, Mike Dudas, concludes with tears as Ondo comes to an end.

Mike Dudas has unearthed the statement made by Nathan Allman, CEO of Ondo Finance, in 2023. In the statement, Allman mentioned that Ondo Finance is a stablecoin called OUSG, which is backed by US Treasury bonds. Moreover, Ondo Finance has always positioned OUSG as a security and has been applying the exemptive provisions of Regulation D (REG D).