Trakx launches a new product: Trakx USDc Earn CTI powered by OpenTrade
PARIS, April 25, 2024 /PRNewswire/ -- Trakx, an emerging global fintech company providing thematic Crypto Tradable Indices ("CTIs"), today announced the launch of the Trakx USDc Earn CTI powered by OpenTrade that is designed to allow users to easily generate high risk-adjusted returns on their USDc backed by US Treasury Bill yields.
- PARIS, April 25, 2024 /PRNewswire/ -- Trakx, an emerging global fintech company providing thematic Crypto Tradable Indices ("CTIs"), today announced the launch of the Trakx USDc Earn CTI powered by OpenTrade that is designed to allow users to easily generate high risk-adjusted returns on their USDc backed by US Treasury Bill yields.
- With the USDc Earn CTI, Trakx offers a unique instrument that seamlessly earns US Treasury Bills (T-Bills) like returns, while the assets are securely managed through OpenTrade's bankruptcy remote structure.
- USDc holders on Trakx can now maximize the value of their USDC holdings by investing in Trakx USDc Earn CTI to earn stable, predictable yield, backed by real world financial assets, all through the existing Trakx interface.The product will be available as a standard CTI on the Trakx platform but can also be customised based on specific needs and requirements.
- By investing in the USDc Earn CTI, clients will enjoy competitive returns comparable to other products, such as DeFi, while benefiting from the security offered by traditional finance."