Bitfinex adds tokenized US Treasuries as collateral with up to 90% value
- —USTBL is a tokenized short-term US Treasury product issued by NexBridge Digital Financial Solutions
- —A 10% haircut means up to 90% of the token's value is eligible as collateral
- —Pledged positions generate a USDT collateral balance in the client's Margin Wallet
- —Bitfinex Securities is licensed in Kazakhstan's AIFC and El Salvador
Why it matters: It broadens the use of tokenized Treasuries as collateral, letting the same position earn yield and back margin trades.
Source: The Cryptonomist (IT)