Search results for Superstate
Crypto
Ethereum-based tokenised U.S. Treasury market tops $8 billion
The market for tokenised U.S. Treasuries issued on Ethereum has grown to $8 billion in about six months, accelerating the convergence of mainstream finance and blockchain. Large financial firms including BlackRock, Franklin Templeton, Fidelity and WisdomTree have entered. Tokenised Treasuries split ownership into blockchain tokens, enabling 24-hour settlement and faster clearing. The products can also integrate with DeFi through programmable features such as collateral use and automated interest distribution.
Crypto
Coinbase, Superstate to launch stablecoin yield fund in second quarter
Coinbase and Superstate will launch an institutional stablecoin credit fund called the Coinbase Stablecoin Yield Fund, or CUSHY. The fund is designed to let institutions invest in stablecoin-based lending and credit strategies through a fund structure. It is the first external fund issued via Superstate’s new platform, FundOS, and is targeted for a second-quarter launch. Northern Trust Hedge Fund Services will manage the fund.
Crypto
Sonic Labs launches native stablecoin USSD using Frax infrastructure
Sonic Labs has launched USSD, a native stablecoin using Frax infrastructure, The Block reported on March 9 local time. The Block said USSD is backed by tokenised U.S. Treasuries from BlackRock, WisdomTree and Superstate and will provide liquidity within the Sonic network. Built on Frax Finance’s modular backend, USSD can be issued directly on more than 10 chains via cross-chain LayerZero and can be converted with Circle’s USDC.
