Demand for blockchain-based T-bill offerings has been steadily rising as the yield on U.S. government debt, widely considered as risk-free, surpassed yields in decentralized finance (DeFi). Digital asset firms, crypto investment funds and protocol treasuries often hold substantial amount of cash in stablecoins. Tokenized Treasuries offer them a shield from inflation and a way to earn some yield.
Source: https://www.coindesk.com/business/2023/08/09/us-investors-now-can-access-maple-finances-tokenized-treasuries-after-securities-exemption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines