Superstate is upgrading its USTB fund by introducing "continuous pricing."

Oct 31, 2024 23:45:16

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ChainCatcher news, according to The Block, the tokenization company Superstate announced an upgrade to its USTB fund, introducing a "continuous pricing" feature that allows the fund's net asset value (NAV) to update dynamically. USTB holders will enjoy real-time interest accumulation, avoiding the delays of traditional market settlement cycles, allowing investors to start earning returns from the moment of investment without waiting for the next trading day's NAV update.

Superstate founder Robert Leshner stated that this move marks a breakthrough for the company in traditional finance (TradFi), bringing blockchain logic into traditional finance to enhance the fund product experience. In the future, Superstate plans to launch atomic minting and redemption features based on this functionality and achieve instant conversion between USTB and USDC, paving the way for efficient integration of DeFi protocols with T-bills. Currently, USTB manages assets exceeding $145 million, with a seven-day yield of 4.80%.

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