OKX Ventures will support a stablecoin project with Securitize and Hamilton Lane that bypasses U.S. regulations, Cointelegraph reported on Feb. 12.
The project will be issued on the OKX X Layer network. It will launch a real world asset (RWA) stablecoin based on Hamilton Lane's Senior Credit Opportunities Fund. It plans to use a dual-token structure to bypass U.S. regulations on yield-bearing stablecoins.
The new stablecoin is designed to separate yield generation from stable units. With U.S. rules on yield-bearing stablecoins tightening, the structure is designed to be classified as a stable means of payment rather than an investment product. STBL said "this model meets regulatory expectations and will lay the groundwork for institutional investors to use on-chain finance."
Chi-kyu Hwang
delight@d-today.co.kr