“This RWA market with Morpho goals to offer these tokens utility,” Vogelsang mentioned in an interview. “Should you maintain a Treasury invoice and also you want a little bit of USDC for a pair hours, or days, or no matter, you may have that entry with out having to undergo the difficult technique of redeeming it, ready for the issuers to provide the {dollars} again and probably pay charges. So, mainly instantaneous liquidity with out having to really redeem the underlying asset that you simply’re utilizing to borrow.”