Stable Sea Integrates WisdomTree Tokenized Treasury Fund, Offering $857.64M WTGXX at 3.43% Yield on April 29

On April 29, stablecoin management platform Stable Sea integrated WisdomTree's tokenized U.S. Treasury money market fund (WTGXX) into its platform, enabling corporate clients to deploy idle operating cash into yield-bearing government securities on blockchain infrastructure. As of April 28, WTGXX held $857.64 million in total assets and offered a daily yield of 3.43%, according to WisdomTree data.

Stable Sea's treasury management software automatically reallocates corporate cash balances into yield-bearing products, with faster settlement and more automated transactions compared to traditional fund systems. CEO Tanner Taddeo noted that U.S. businesses collectively hold over $5 trillion in cash earning minimal interest, and the partnership brings "institutional-grade cash management and 24/7/365 yield exposure" to small and medium-sized businesses through blockchain infrastructure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments