A new addition to the current convergence trend between crypto and traditional finance is Midas, a stablecoin backed by U.S. Treasuries that’s planning to unleash its stUSD token on decentralized finance (DeFi) platforms like MakerDAO, Uniswap and Aave in the coming weeks, according to a presentation deck seen by CoinDesk.

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• Source: https://www.coindesk.com/business/2023/11/10/meet-midas-a-new-yield-bearing-stablecoin-investing-in-us-treasuries/?utm_medium=referral&utm_source=rss&utm_campaign=headlines