122 stories mentioning it. Newest first.
The move lets institutions post tokenized U.S. Treasuries as onchain collateral — and signals DeFi lending books are quietly being rebuilt for permissioned, compliance-bound capital.
VanEck's tokenized VBILL US Treasury fund has been integrated as eligible collateral on Euler, the decentralized…
Marketed as 24/7, most tokenized Treasuries actually settle T+1 with minimums and gates. Here's what BUIDL, OUSG, USDY, and USYC can and can't do.
Ondo Finance tokenizes US Treasuries into USDY and OUSG, gated to verified investors. Here's how each product differs and what ONDO the token actually does.
WLFI raised hundreds of millions in a presale promising governance over a treasury tied to USD1. Here is what the token actually does, and what it does not.
USDC and USDT face payment-stablecoin rules. BUIDL and OUSG look more like funds. The line between them is the fight.
WLFI gives holders a say in the World Liberty Financial protocol, but the fine print caps that say. Here is what the docs actually say about rights and risk.
Tokenized money market funds are regulated fund shares with floating NAVs, while stablecoins are payment tokens pegged to $1. The legal wrapper changes everything.
Circle is regulated, but not in the way most users think. USDC sits under state money transmitter licenses, NYDFS, and a Cayman trust, with no FDIC backstop.
Stablecoin issuers turn USDT and USDC reserves into billions in T-bill yield. The full revenue stack also includes redemption fees, integration deals, and issuer tokens.
GENIUS Act, Circle's federal charter and a Bank of America pivot sketch the same arc: dollars onchain, whether crypto likes it or not.
BlackRock's BUIDL and peers sit behind a stack most people never see: qualified custodians, transfer agents, whitelisted wallets, and dual-control signing.
BlackRock's BUIDL and Ondo's OUSG and USDY all tokenize short-duration US Treasuries, but they differ sharply on access, payouts, and chains.
Tokenized T-bills carry yield but settle slower and carry KYC baggage. USDT and USDC are faster and more flexible. Here is how to pick.
Circle mints, Tether shuffles, and State Street launches a reserve fund — beneath the ETF noise, the dollar rails are being rebuilt.
A US-UK roadmap for stablecoins and tokenized assets, the CLARITY Act clock, and a banking lobby fightback reveal where the next adoption wave is actually being built.
Ethena's USDe pays yield through ETH perp funding rates, not bank deposits. The mechanism is clever but the trade has real failure modes that can collapse headline APY.
USDe pays double-digit yield by going long spot crypto and shorting the same coin's perpetual futures. It works — until funding flips negative.
In the US, swapping USDC for USDT is a taxable event, even though the price barely moved. Most DeFi users are not tracking these swaps correctly.
Tokenized treasuries look 24/7 cashable on-chain, but the plumbing tells a different story. Here is how redemptions, gates, and backstops actually work.
CoinDesk
TheBlock
Ethan Brooks
Marco De Santis
Lina Haddad