Over $1B in U.S. Treasuries (UST) Has Been Tokenized on Public Blockchains

The fast rise in Treasury yields up to now two years has fueled demand for his or her tokenized variations. The ten-year yield, the so-called risk-free price, has risen to 4.22% from 1.69% since March 2022, denting the enchantment of lending and borrowing the dollar-pegged stablecoins within the decentralized finance market.