Coin

Woo X crypto exchange introduces the world’s first tokenized United States Treasury Bills (T-Bills), which are meant for retail investors. This move highlights the convergence of traditional financial instruments with blockchain technology, offering users unprecedented opportunities in the digital asset space.
The newly launched RWA Earn Vaults by Woo X allow users to earn yields by holding Circle’s USD Coin (USDC). This vault enables users to garner stable and predictable yields on their USDC holdings, all backed by U.S. Treasury Bills, without encountering additional complexities.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 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.… <a href="https://t.co/wu4Qnejtpc" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">pic.twitter.com/wu4Qnejtpc</a>— OpenTrade (@opentrade_io) <a href="https://twitter.com/opentrade_io/status/1782348759571005897?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 22, 2024</a>
 </blockquote>
 </div>
</figure>
The RWA Earn Vaults, backed solely by U.S. T-Bills, offer USDC holders an annual percentage rate (APR) ranging between 4.5% and 4.7%. Users’ subscriptions accumulate real yields, offering current APRs of approximately 4.5% for 7-day terms and 4.75% for 28-day terms, respectively.
Growing Institutional Interest in RWAs
CoinGecko’s recent report highlights RWAs as the second most profitable narrative in the crypto space during the first quarter 2024. Though overshadowed by the meme coin craze, this narrative has garnered attention, showcasing 4.6 times profitability compared to other narratives.
Moreover, BlackRock, the world’s largest asset manager, launched the USD Institutional Digital Liquidity Fund (“BUIDL”), valued at over $298 million. Additionally, over $1 billion worth of U.S. Treasurys have been tokenized through various platforms, indicating a growing trend in the market.
Woo X’s primary target is to provide capital and revenues to investors with smooth access by fostering innovation in the sector and propelling the trend of future adoptions and growth.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/04/10/woo-x-lists-gmci-index-perpetual-contracts-pioneering-crypto-exchange-innovation/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">WOO X Lists GMCI Index Perpetual Contracts, Pioneering Crypto Exchange Innovation</a>
</blockquote>

Woo X Launches Tokenized T-Bills for Retail Investors

The Crypto Times

2024년 4월 22일에 게재된 다른 기사

Investors Withdraw From SingularityNET and Render As New A.I Exchange Token Presale Rallies

MicroStrategy jumps 9%, Is this a crypto stocks comeback time?

5 Shiba Inu Rival Meme Coins To Buy Boosting Portfolios To $1M In 2024

Shiba Inu Price Prediction: SHIB Soars 15% In A Week As It Raises $12 Million Via TREAT Token, An...

Why MKR drops against ETH every time MakerDAO sells

Words of Praise for Mem Tokens from the Founder of the Coinbase-Based Cryptocurrency Project!

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!