Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

CN
4 hours ago

Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at Bank of New York Mellon, ensuring compliance with CFTC and CIMA regulations. Deribit CEO Luuk Strijers emphasized that this addition allows users to leverage collateral that offers passive returns while managing risk in derivatives trading. Although USYC is not pegged to the value of the U.S. dollar like most stablecoins, its value is expected to remain relatively stable and increase gradually over time, as long as the underlying assets continue to yield returns and maintain stability.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink