ONDO’s price forms a bearish flag with breakdown risks, while USDY goes live in five Latin American nations. Let’s examine the chart and the market shift.
ONDO Bearish Flag Signals Possible 33% Drop Toward $0.67
As of May 13, 2025, the ONDO/USDT pair shows a bearish flag pattern on the daily chart. This pattern formed after a sharp downward move in March, followed by a slow upward channel. A bearish flag often suggests the price may continue to fall once the lower trendline breaks.
This pattern formed after a sharp downward move in March, followed by a slow upward channel. A bearish flag often suggests the price may continue to fall once the lower trendline breaks.
A bearish flag forms when a strong price drop is followed by a slight upward movement inside parallel trendlines. This structure looks like a flag on a pole, where the initial drop is the pole and the rising channel is the flag. It usually signals that sellers are only taking a short break before pushing the price lower again. When the price breaks below the lower trendline, it often confirms the pattern and leads to another drop equal to the size of the initial fall.
If the pattern confirms with a breakdown, the price could drop by 33% from its current level. That would push ONDO down to around $0.6728, which matches the height of the previous decline before the flag formed.
The 50-day Exponential Moving Average (EMA) is now at $0.9308. ONDO is still above this level, but a breakdown below it could add selling pressure. Volume has also decreased during the channel formation, a common sign of weakening momentum within a flag setup. If volume rises during the breakdown, it would support the continuation move.
The Relative Strength Index (RSI) stands at 58.43. This reading is below the overbought zone and reflects neutral momentum. However, the recent downward move in RSI shows buyers are losing strength.
The chart shows that the bearish flag is close to a critical point. A strong move below the lower trendline, especially with high volume, could confirm the pattern and signal a deeper correction.
Ondo Finance Brings USDY to Latin America via TruBit Integration
On May 12, 2025, Ondo Finance announced that its yield-bearing stablecoin, USDY, is now available on TruBit, a leading cryptocurrency platform in Latin America. This development allows users in Mexico, Argentina, Brazil, Peru, and Colombia to access tokenized yield assets backed by U.S. Treasury bonds for the first time.
USDY is a tokenized note secured by short-term U.S. Treasuries, offering a 4.25% annual percentage yield (APY) updated monthly. It is designed for non-U.S. individual and institutional investors, combining the stability of traditional financial instruments with the accessibility of blockchain technology.
The integration of USDY into TruBit’s platform provides Latin American users with a new financial tool that offers both the convenience of stablecoins and the benefits of yield-bearing assets. This move represents a significant step towards financial inclusion in the region, enabling users to access investment opportunities previously limited to large institutions.
TruBit’s adoption of USDY aligns with its commitment to expanding access to global financial products and services, leveraging blockchain technology to offer innovative solutions to its user base. The partnership with Ondo Finance underscores the growing trend of integrating traditional financial assets into the decentralized finance (DeFi) ecosystem.
Ondo Finance Pushes SEC to Embrace Tokenised Securities
Meanwhile, Ondo Finance recently presented a proposal to the U.S. Securities and Exchange Commission (SEC), urging the regulator to adopt a clear framework for tokenising publicly traded securities on blockchain networks. The discussion took place during a session with the SEC’s Crypto Asset Working Group.
The proposal explored how existing financial laws could apply to digital versions of traditional securities. Ondo Finance focused on key areas such as registration requirements, broker-dealer roles, market surveillance, and state-level corporate regulations.
To address legal uncertainty, the firm also proposed the use of sandbox environments and temporary relief measures. These tools could help test blockchain-based securities while ensuring compliance and protecting investors.
CEO Nathan Allman and Chief Strategy Officer Ian De Bode led the discussion and introduced structural models designed to align blockchain issuance with U.S. legal standards. Their goal is to enable secure, legally compliant issuance of tokenised financial assets.
The meeting comes ahead of the SEC’s upcoming Crypto Task Force Roundtable on April 25 in Washington, D.C. That event will focus on digital asset custody, with participation from firms like Kraken, Anchorage, Fireblocks, and experts from Georgetown University and the University of Pennsylvania.
