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Promote with Leviathan NewsSuperstate, the tokenization startup founded by Compound creator Robert Leshner, has launched USTB, a tokenized short‑term U.S. government securities fund on Ethereum, positioned as a yield‑bearing alternative to traditional, largely zero‑yield stablecoins. The product represents shares in the Superstate Short Duration US Government Securities Fund, an SEC‑registered, open‑end fund that invests primarily in short‑duration U.S. Treasury bills and U.S. government agency securities, with returns targeting the federal funds rate. USTB is issued as an ERC‑20 token that represents fund ownership and is available to U.S. institutional and other qualified purchasers, with subscriptions and redemptions processed in USD or USDC at a daily net asset value (NAV). The fund aims to maintain a portfolio duration of one year or less, with a weighted average maturity of around a month, providing relatively low‑volatility, cash‑like exposure while passing through interest income onchain. By offering regulated, yield‑bearing on‑chain “cash” backed by short‑term Treasuries rather than holding non‑yielding stablecoins, Superstate is targeting institutional DeFi users, treasuries, and on‑chain funds that want to keep working capital in token form but earn a money‑market‑style return instead of holding static stablecoins.
AI-generated background, compiled from web sources — not editorial content.
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