Crypto Exchange Woo X Allows Daily Interest Withdrawals From T-Bill-Backed Earn Vaults

Cryptocurrency exchange Woo X has upgraded its U.S. Treasury Bill-backed yield earning products such that customers can withdraw interest on a daily basis, rather than having to wait the customary seven or 28 days associated with T-Bills. The Woo X RWA Earn Vaults, built with the help of tokenized yield specialists OpenTrade, now allows retail and institutional users to withdraw daily interest accrued from depositing USDC stablecoin in the vaults with no term, the companies said on Monday. Woo X’s innovation partner on the project OpenTrade has links to Center, the now-dissolved collaboration between USDC issuer Circle and Coinbase.

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