WisdomTree’s USDW stablecoin to pay dividends on tokenized assets
Main Idea
WisdomTree has launched its USDW stablecoin to complement its tokenized funds, offering dividends to investors and rebranding its previous WUSD stablecoin as part of its digital asset strategy.
Key Points
1. WisdomTree's USDW stablecoin is designed to support its tokenized investment products, including its US money market fund (WTGXX).
2. Investors will receive dividends in USDW, which is issued by WisdomTree Digital Trust Company, a New York-chartered entity.
3. USDW is a rebranding of WisdomTree's previously named WUSD stablecoin and currently operates on the Stellar blockchain via WisdomTree Prime.
4. The stablecoin market is projected to grow significantly, with estimates suggesting it could reach $3.7 trillion by 2030, currently dominated by Tether's USDt and Circle's USDC.
5. The launch aligns with the passage of the US GENIUS Act, which aims to strengthen digital dollar initiatives and modernize payment infrastructure.
Description
USDW is part of WisdomTree’s stablecoin interoperability strategy and is intended to complement the company’s tokenized funds.
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