DeFi

DLTPAY Collaborates with OpenEden: Tokenizing Treasury Bills

Author : Renuka K

DLTPAY, a Web3 payment app, has announced a partnership with OpenEden to offer a significant yield on USDC holdings through tokenized U.S. Treasury bills. This innovative collaboration aims to transition real-world assets onto the blockchain, offering a 5% interest on USDC holdings. OpenEden has already achieved a milestone with its TBILL token, providing access to U.S. Treasury Bills on-chain. This tokenization ensures not only higher yields for investors but also round-the-clock accessibility, blending traditional financial instruments with decentralized technologies. The adoption of tokenized T-bills in DeFi signifies a maturing market with more secure investment options. Furthermore, DLTPAY plans to introduce a rewards program, offering enhanced yields for DLTP token stakers, adding an interactive layer to investing.

Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.