Wisdomtree has officially launched its own stablecoin, USDW, as part of a broader strategy to establish a full-stack stablecoin business catering to both retail and institutional users.
USDW, a U.S. dollar-backed stablecoin designed for transactions, is complemented by WTGXX, a tokenized U.S. government money market fund aimed at providing yield. To enhance accessibility, Wisdomtree has developed a stablecoin interoperability layer that allows clients to easily on- and off-ramp using established stablecoins like USDC. The combination of USDW and WTGXX is intended to facilitate investing, reserves, and treasury operations across various real-world applications. Additionally, USDW operates within Wisdomtree Prime, the company’s retail app, enabling seamless value movement and offering investors the option to receive dividends in USDW.
Wisdomtree is an asset management firm that specializes in exchange-traded funds (ETFs) and other investment products, and it has been expanding its focus on digital assets. The firm is headquartered in New York City and is publicly traded on the Nasdaq.
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