Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins

The USTB token aims to offer an alternative to stablecoins for U.S. institutional investors – venture capital funds, hedge funds, digital asset firms – to park their on-chain cash and earn a yield, Robert Leshner, founder and CEO of Superstate, said in an interview with CoinDesk.