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Crypto exchange Woo X allows users to withdraw daily interest from its Treasury-backed yield vault

Crypto exchange Woo X allows users to withdraw daily interest from its Treasury-backed yield vault

Odaily2024/07/22 08:07
By:Odaily
Odaily News cryptocurrency exchange Woo X allows users to withdraw daily interest from its U.S. Treasury-backed yield vault. The RWA vault, built with the help of OpenTrade, previously operated on a 7-day or 28-day basis. The upgrade allows users to earn interest on USDC stablecoins deposited in the vault and withdraw them daily without a fixed term. Woo X and OpenTrade said they are the first exchange to offer T-Bill interest products to retail customers. OpenTrade CEO Dave Sutter said this product provides users with greater flexibility and security, which is an advantage over traditional financial products. (CoinDesk)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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