WooX cryptocurrency exchange introduces a new innovation: tokenized US Treasury Bills (T-Bills) available to individual investors. This development marks the merging of conventional financial products with blockchain technology, providing unique prospects in the digital assets sector for users.
With the recent introduction of Woo X’s RWA Earn Vaults, users now have an effortless opportunity to earn returns on their Circle USD Coin (USDC) investments. These vaults provide consistent and reliable yields for USDC holders, supported by U.S. Treasury Bills. Users can enjoy the benefits without dealing with added complexities.
3/How it works:
1⃣All WOO X users can now choose to subscribe to
the RWA Earn vaults.
2⃣User subscriptions accumulate real yields, fully
backed by U.S. Treasury Bills, with current APRs for
7-day and 28-day terms at ~4.5% and ~4.75%
respectively.…— OpenTrade (@opentrade_io) April 22, 2024
Users of the RWA Earn Vaults, which are funded exclusively with U.S. Treasury Bills and provide USDC token holders with an annual interest rate ranging from 4.5% to 4.7%, can look forward to earning real yields. The current yields stand at around 4.5% for a 7-day subscription period and 4.75% for a 28-day term.
Growing Institutional Interest in RWAs
During the first quarter of 2024, a report from CoinGecko revealed that RWAs were the second most lucrative storyline in the cryptocurrency market. Despite being eclipsed by the meme coin trend, this theme generated significant interest, delivering a profitability gain of nearly five times compared to other narratives.
Furthermore, BlackRock, the leading global asset manager, introduced the USD Institutional Digital Liquidity Fund (BUIDL), with a value exceeding $298 million. Moreover, more than $1 billion of U.S. Treasurys have been tokenized through different platforms, signaling a burgeoning market trend.
Woo X aims to bring investors profitable opportunities by promoting innovation and encouraging the adoption of emerging trends in the industry, granting them easy access to capital and returns.
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2024-04-22 21:40