Matrixport Introduces STBT to Provide US Bond Income to Stable Currency Holders

03/09/2023 02:27 • Crypto & Markets • 69 views

On March 9, Wu Jihan’s digital asset financial service platform Matrixport issued a short-term US bond token STBT, which aims to provide US bond income for stable currency holders. This product is based on the issuance of Ethereum, 100% of which are US bonds as the underlying assets, and only sold to qualified investors in acceptable countries. The current market value is US $15.17 million.

Matrixport issued short-term US bond token STBT, with a market value of more than US $15 million

Analysis based on this information:

On March 9, a renowned digital asset financial service provider, Matrixport, introduced a short-term US bond token (STBT) to offer US bond income to stable currency holders. This newly launched product is designed on the issuance of Ethereum, and 100% of the underlying assets are US bonds. Only qualified investors in acceptable countries can purchase this product. At present, its market value is US $15.17 million.

Matrixport’s introduction of STBT aims to cater to the investment requirements of stable currency holders who seek higher returns on investment. Since its inception, the stable coin market has recorded considerable growth and demand, mainly due to its stability feature, which is attributed to its pegging to a real-world asset, like the US dollar. Nevertheless, this form of investment lacks high returns, which is why the introduction of STBT is timely, particularly for individuals who hold stable currencies.

The short-term US bond token operates on a simple mechanism; stable currency holders can invest their assets in the token for a specific period, during which period the token generates fixed returns. After the maturity period, investors receive their principal and interest. The STBT is expected to provide investors with short-term bond exposure while ensuring the safety and stability of their funds.

It is worth noting that Matrixport’s STBT product is only sold or marketed to qualified investors in acceptable countries. This is a regulatory measure to ensure only investors who understand the risks associated with such investments take part. Additionally, to ensure the safety of investor funds, the product is based on the Ethereum blockchain, which provides transparency and immutability.

In conclusion, Matrixport’s introduction of the STBT product is set to attract investors looking to diversify their portfolios by adding short-term US bond exposure while ensuring the safety of their investments. The product’s current market value points to its acceptance among investors as a valuable investment tool, and we can expect the product to gain more acceptance in the market.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/8928.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Matrixport Introduces STBT to Provide US Bond Income to Stable Currency Holders

Matrixport issued short-term US bond token STBT, with a market value of more than US $15 million

Related recommendations