Woo X Offers Daily Interest Withdrawals on US T-Bills

IconCryptoNewsTerminal Staff22 Jul, 2024

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Woo X Offers Daily Interest Withdrawals on US T-Bills

Woo X, a decentralized cryptocurrency exchange, has partnered with OpenTrade to offer daily interest withdrawals on USDC deposits made into its RWA vault backed by US T-Bills. This service provides users with the opportunity to earn interest on their USDC holdings in a secure and regulated environment. The RWA vault is collateralized by a diversified portfolio of US T-Bills, which are considered one of the safest investments in the world. This provides users with peace of mind knowing that their funds are backed by a stable and reliable asset. To participate in this service, users can simply deposit USDC into the RWA vault on the Woo X platform. Interest will be accrued daily and can be withdrawn at any time. The interest rate is variable and is based on the prevailing market rates for US T-Bills. This service represents a significant step forward for Woo X as it expands its offerings to include traditional financial products. By partnering with OpenTrade, Woo X is able to provide users with a secure and convenient way to earn interest on their cryptocurrency holdings. For more information on this service, please visit the Woo X website or contact the OpenTrade team.

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