Deribit has introduced the launch of Hashnote’s US Yield Coin (USYC) as a brand new multi-margin yield-bearing collateral possibility. USYC, an ERC-20 token backed by reverse repurchase agreements on US Treasury bonds, offers merchants with a steady and versatile collateral possibility that generates each day returns. The belongings are secured in a segregated account at Financial institution of New York Mellon, making certain compliance with CFTC and CIMA laws. Deribit CEO Luuk Strijers emphasised that this addition permits customers to make use of collateral that gives passive returns whereas managing dangers in derivatives buying and selling. Though USYC isn’t pegged to the worth of the US greenback like most stablecoins, its worth is predicted to stay comparatively steady and progressively enhance over time so long as the underlying belongings proceed to generate returns and preserve stability.
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