Buyers Snap Up Protocol Shares to Tap US Treasury Bill Yields Now

Circle earns billions from Treasury yield on USDC reserves, but holders get none of it. A new protocol inverts this model: anyone can buy a share of the protocol's future revenue, stake it, and receive yield generated by tokenized T-bills held as collateral. The stablecoin is backed by these T-bills, redeemable on-chain at any time.