Announcements Gate Research: Ondo Finance TVL Surpasses $1B, USDC Becomes the First Approved USD Stablecoin in Japan

Gate Research: Ondo Finance TVL Surpasses $1B, USDC Becomes the First Approved USD Stablecoin in Japan

2025-03-05 14:04:52 UTC 8050 Read

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Gate Research Daily Report: On March 5, Bitcoin price rose 4.32% to 87,733.4 USDT, while Ethereum price increased 5.35% to 2,182.01 USDT. Ondo Finance TVL surpassed $1 billion. Morph TVL exceeded $20 million. Solana network fees dropped to $1.16 million. USDC became the first USD stablecoin approved for use in Japan. In February, the market capitalization of 14 Bitcoin mining companies declined 22%. The White House supported repealing the crypto broker rule, signaling a potential turning point for DeFi regulation.

- **Market Analysis: **Bitcoin price rose 4.32% to 87,733.4 USDT, while Ethereum price increased 5.35% to 2,182.01 USDT.
- **Top Performers: **The top-performing altcoins in the past 24 hours were PURR, RLC, and SFM, rising 24.53%, 22.78%, and 79.37%, respectively.
- **Data Highlights:** Ondo Finance TVL surpassed $1 billion; Morph TVL exceeded $20 million.
- **Spotlight Analysis: **USDC became the first USD stablecoin approved for use in Japan.
- **Market Opportunities: **Flowdesk, offering market-making, liquidity provision, OTC trading, brokerage services, and asset management, has raised $102 million in funding.

Explore today's details → <a href="https://www.gate.io/learn/topics?category=Research&page=1&sort=updated_at[https://www.gate.io/learn/articles/gate-research-ondo-finance-tvl-surpasses-1b-usdc-becomes-the-first-approved-usd-stablecoin-in-japan/7029?pid=Web&ch=IKhw06K9&utm_campaign=TR_bIfdpsKL&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=](https://www.gate.io/learn/articles/gate-research-ondo-finance-tvl-surpasses-1b-usdc-becomes-the-first-approved-usd-stablecoin-in-japan/7029?pid=Web&ch=IKhw06K9&utm_campaign=TR_bIfdpsKL&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: Ondo Finance TVL Surpasses $1B, USDC Becomes the First Approved USD Stablecoin in Japan</a>)

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Gate.io Team
March 5, 2025

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Gate Research: Ondo Finance TVL Surpasses $1B, USDC Becomes the First Approved USD Stablecoin in Japan

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