Monroe Stablecoin Protocol Integrates HiYield US Short-Term Treasuries as Collateral
Publication Time:2024-08-07 13:36:07
Decentralized multi-asset collateral stablecoin protocol Monroe recently announced that it has successfully integrated a new type of collateral: hyTB (UST-Bills, or US short-term treasuries) from HiYield, following a rigorous audit by auditing company Veridise. This integration represents another significant advancement for Monroe in expanding the diversity of its asset backing. HyTB holders can now deposit their hyTB into Monroe to obtain the stablecoin roeUSD issued by the protocol. This move not only enriches Monroe's collateral portfolio but also offers users more diversified asset options, further enhancing the protocol's security and stability.
Monroe
HiYield
hyTB
roeUSD
Stablecoin Protocol
Avalanche Network
US Short-Term Treasuries
Collateral