Woo X has upgraded its Treasury Bill-backed USDC Earn Vault, to allow all WOO X users to instantly earn interest on USDC deposits, which compounds daily and can be withdrawn at anytime.

Off the back of becoming the first digital asset exchange to offer retail users access to USDC yield backed by U.S. Treasury Bills, this innovation, particularly in the fast-evolving intersection of crypto and traditional finance, exemplifies Woo X as a pioneer in delivering best-in-class, easy to use Treasury-backed interest products to retail customers.

Key Features of the Treasury Bill-backed USDC Earn Vault

• No Terms and Daily Interest Accrual: Investors can now earn and redeem interest daily, without the previous 7 and 30-day term requirements

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• Instant Redemption on USDC investment and accrued interest

• No Penalties: Early redemptions do not incur penalties or loss of accrued yield

• Daily Compounding: Accrued yield is automatically reinvested as principal, allowing for daily compounding

A Better Experience for Crypto Investors

Dave Sutter, CEO of OpenTrade, emphasised the simplicity and security this product brings to users: “You can now earn the risk-free rate of return on the Woo X exchange through the application you already use today to trade and get in and out at any time. This is an even better experience than what you’d see from traditional finance products. It’s basically giving you that ultimate flexibility to get yield on USDC with maximum safety.”

As demand for yield-bearing products grows, Woo X’s new T-Bill-backed vaults offer retail investors a powerful tool for earning safe returns with the ease of a crypto-native platform.

“The introduction of Flexible Vaults is a game-changer for our users, providing them with unmatched flexibility. We are committed to leveraging blockchain technology to transform traditional financial markets and provide sustainable investment products. Furthermore, we plan to continue to innovate and build upon the infrastructure of the RWA vaults to further enhance our users’ experience on WOO X. This includes exploring new offerings that could provide even more ways for our users to maximize their investments and benefit from the evolving digital finance landscape.” — Willy Chuang, WOO X CEO.

To learn more about WOO X, download the app or visit WOO X.