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.
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 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>
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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>
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Woo X Launches Tokenized T-Bills for Retail Investors

The Crypto Times

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