Sky Prime Agent Grove’s Basin Converts 89,170 JTRSY Into $100,000 in USDC

Sky Prime Agent Grove’s Basin converted 89,170 JTRSY into $100,000 in USDC. Sky Prime Agent’s Basin launch was designed to help eligible tokenized Treasury bill holders access stablecoins while Treasury settlements are pending. The service was also intended to address liquidity constraints that can arise when tokenized bills are used as onchain collateral, including during liquidation. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost