How is ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 connected to
#XRP?
1. OUSG lives on the XRP LedgerOndo issued its flagship tokenized U.S. Treasury product, OUSG (Ondo Short-Term U.S. Government Treasuries), on the XRP Ledger.
It first announced the deployment in January 2025 and went live in June 2025. XRPL became the fourth chain for OUSG after Ethereum, Polygon, and Solana.
2. Ripple and Ondo also committed seed liquidity for the XRPL listing.2. Redemptions use Ripple’s RLUSDOn XRPL, subscriptions and redemptions of OUSG are designed to work with RLUSD, Ripple’s USD-backed stablecoin. That gives institutions a same-chain, same-network way to move between cash-like stablecoin and a yield-bearing Treasury
product.ondo.finance
3. The May 2026 pilot (the most visible link)In May 2026 Ondo, Ripple, JPMorgan (Kinexys), and Mastercard ran a pilot in which Ripple redeemed OUSG on the XRP Ledger. The on-chain leg settled in under five seconds. Mastercard’s Multi-Token Network then routed the fiat payout instruction to JPMorgan, which sent USD to Ripple’s Singapore bank account—outside normal banking hours.
Ondo put a large tokenized Treasury fund on the XRP Ledger and wired it to Ripple’s stablecoin and, later, to JPMorgan/Mastercard settlement rails. That is the concrete connection.
JUST IN - Ondo and BlackRock partner to bring tokenized “Intelligent Portfolios” onchain, per WSJ.