Tokenized US Treasury Stablecoins

About Tokenized Treasuries stablecoins

Tokenized treasury stablecoins are backed directly by US Treasury bills held in a tokenized form onchain. They typically pass through yield to holders, unlike traditional stablecoins where the issuer keeps the interest. BUIDL (BlackRock), USDY (Ondo), USYC and USDTB are leading examples.