Crypto
A New Yield-Bearing Stablecoin Investing in U.S. Treasuries
![](https://blacknewsdaily.com/wp-content/uploads/2023/11/Z2FVKA7WKREFBCNCHNBZGMOWJI-780x470.jpg)
A new addition to the current convergence trend between crypto and traditional finance is Midas, a stablecoin backed by U.S. Treasuries that’s planning to unleash its stUSD token on decentralized finance (DeFi) platforms like MakerDAO, Uniswap and Aave in the coming weeks, according to a presentation deck seen by CoinDesk.