Bitwise RWA Vault PAPY Hits $8M in Deposits in One Day

Bitwise’s new real-world asset vault, ticker PAPY, pulled in over $8 million in deposits within its first day of existence. For a product that launched with jus

• Bitwise's new real-world asset vault, PAPY, attracted over $8 million in deposits on its first day, offering a 5.22% APY.
• The vault deposits AUSD, a USD-pegged stablecoin backed by short-term US Treasuries, into overcollateralized tokenized real-world assets.
• This launch signifies strong institutional interest in on-chain yield products, competing with offerings from BlackRock and Ondo Finance.

Topics: Asset types, Scalability, Institutional adoption, Financial instruments, Growth metrics, Asset manager initiatives

Tags: #bitwise #papy #rwavault #ausd #morpho #tokenizedassets #onchainyield #ustreasuries #blackrock #ondofinance

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Tether to Wind Down Alloy Platform and aUSD Stablecoin

Tether announces the phased wind-down of Alloy platform and aUSD stablecoin, signaling a pivot to focus on gold-backed XAU₮ and other core products.

• Tether is phasing out its Alloy platform and aUSD stablecoin due to low user activity and market demand.
• The company will reallocate resources to focus on its gold-backed XAU₮ token and other core products, aligning with investor interest in safe-haven assets.
• Existing aUSD₮ holders have until September 17, 2026, to exit their positions.

Topics: Asset types, Institutional adoption, Stablecoins digital cash, Asset manager initiatives

Tags: #tether #alloyplatform #ausd #xaut #goldbackedstablecoin #stablecoinwinddown #digitalgold #macroeconomicuncertainty #fireblocks #tethergold

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