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Major financial services firms and financial technology providers facilitated the first on-chain financing of U.S. Treasuries against the USDC stablecoin.
The blockchain pioneer Digital Asset and a consortium of financial services firms and providers report that they have facilitated in real time an on-chain financing of U.S. Treasuries (UST) against the USDC stablecoin, achieving a first for the securities industry. The stablecoin USDC is a cryptocurrency whose value is linked to the U.S. dollar; it...
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