WisdomTree don launch USDW Stablecoin and WTGXX Tokenized Fund
WisdomTree don launch USDW, one stablecoin wey dem back up with US dollar and e dey come from dia Digital Trust Company wey dey charter for New York. Di USDW stablecoin get full backup with cash and cash equivalents and e dey do regular third-party audits. E first start for Stellar blockchain through WisdomTree Prime, USDW dey provide smooth on-chain and off-chain rails and fit work well with big tokens like USDC. Alongside USDW, WisdomTree come bring out WTGXX, one token wey represent US Government Money Market Fund wey dey give about 5% yearly yield plus automatic dividend payouts and reinvestment. Dis rollout follow di US GENIUS Act wey dey make sure dollar-pegged tokens follow strict rules and e limit foreign issuance. WisdomTree wan expand USDW and WTGXX for different blockchains and dem dey plan to work with custodians and DeFi platforms to increase liquidity and trust, dem dey target retail traders, big clients, corporate treasuries and on-chain investors.
Neutral
Stablecoins dem dey keep 1:1 peg wit di US dollar, so di introduction of USDW stablecoin no likely to affect e price. For short term, traders fit see better liquidity and on-chain dollar utility, but dis no mean say price go shake for USDW. For long term, wider adoption and integration across chains fit make market steadier and liquidity better for DeFi, but di stablecoin value still dey pegged. So, overall market impact on USDW price na neutral.