Franklin Templeton's Benji Investments Now Accepts USDC Conversion
CryptoNewsTerminal Staff06 Jun, 2024
Franklin Templeton's Benji Investments Now Accepts USDC Conversion
Franklin Templeton, a global asset management company, has announced that users of its Benji Investments mobile app can now convert USDC to US dollars and vice versa. This new service allows Benji users to easily invest in Franklin’s on-chain U.S. Treasury Money Market Fund, which is represented by the BENJI token. The USDC on/off-ramp service is provided through cryptocurrency and stablecoin infrastructure platform Zero Hash. This integration makes it easier for Benji users to convert their digital assets into fiat currency and vice versa, providing them with greater flexibility in their investment strategies. Franklin Templeton’s move to integrate USDC conversion into Benji Investments demonstrates the growing adoption of digital assets by traditional financial institutions. As the demand for digital assets continues to increase, we can expect to see more companies offering similar services in the future.
