Ripple stablecoin RLUSD becomes the share redemption channel for BlackRock and VanEck tokenized funds
According to ChainCatcher, citing Cointelegraph, Ripple and the security token issuance platform Securitize have integrated the stablecoin Ripple USD (RLUSD) as a redemption channel for shares in security token funds under the two major crypto investment giants, BlackRock and VanEck.
Ripple and Securitize have launched a smart contract that allows holders of BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and VanEck's Treasury Fund (VBILL) to redeem their security token shares for the stablecoin Ripple USD (RLUSD). This smart contract enables investors in BUIDL and VBILL to instantly redeem their shares for RLUSD at any time, facilitating more on-chain transfer operations.
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.
You may also like
Gold Fields said to weigh sweetening Northern Star bid with cash
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Crypto prices
More
