Superstate is upgrading its USTB fund by introducing 'continuous pricing'

PANews reported on October 31 that according to The Block, tokenization company Superstate announced an upgrade to its USTB fund, introducing a "continuous pricing" function to dynamically update the fund's net asset value (NAV). USTB holders will enjoy real-time interest accumulation, avoiding the delay of the traditional market settlement cycle, and investors can start to earn income from the investment without waiting for the NAV update on the next trading day.

Robert Leshner, founder of Superstate, said that this move marks a breakthrough for the company in traditional finance (TradFi), introducing blockchain logic into traditional finance to enhance the fund product experience. In the future, Superstate plans to launch atomic casting and redemption functions based on this function, and realize instant conversion between USTB and USDC, paving the way for efficient integration of DeFi protocols and T-bills. Currently, USTB manages more than $145 million in assets with a seven-day yield of 4.80%.