Matrixport Unveils STBT: A Novel Way to Provide US Bond Income

03/09/2023 02:27 • Metaverse Matters • 128 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:

Matrixport, founded by Wu Jihan, the co-founder of Bitmain Technologies, has released a new financial product called the Short-Term Bond Token (STBT) on March 9, 2020. This service is aimed at providing US bond income for stable currency holders. This is an innovative way to invest in short-term US bonds using cryptocurrencies as a bridge to connect traditional financial systems with blockchain-based digital assets.

The STBT product is based on Ethereum in which 100% of the underlying assets are US bonds. As a result, investors who purchase STBT receive returns from the interest paid by US bonds. The bond token is only sold to qualified investors in countries acceptable by the US government.

The STBT serves as a tokenized representation of a US bond, providing access to investors to these financial instruments while leveraging the transparency and security of blockchain technology. The idea is to provide a high level of liquidity compared to traditional bond markets, which usually require investors to hold onto bonds for a period of several years. STBTs can be traded on exchanges, providing investors with the option to benefit from price appreciation and liquidity before the bond matures.

As of now, the STBT has a market value of USD 15.17 million. This shows that there is a demand for investing in US bonds using digital assets as an investment vehicle. In addition, it demonstrates how blockchain technology can facilitate access to traditional financial instruments while enhancing the speed and efficiency of transactions.

In conclusion, Matrixport’s STBT is an innovative way of providing US bond income to stable currency holders. It bridges the gap between traditional and blockchain-based financial systems while providing liquidity, transparency, and security. With the rise of digital assets, the potential for this product to attract investors is significant.

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Matrixport Unveils STBT: A Novel Way to Provide US Bond Income

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

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