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Which stablecoin will be primarily used for OpenEden's TBILL tokens by December 31, 2024?
2
Resolution / Starting Odds
USDT (Tether) • 25%
USDC (USD Coin) • 25%
Ripple's stablecoin • 25%
Other stablecoins • 25%
Official announcements from OpenEden Labs or Ripple
Story
Ripple Allocates $10 Million to Tokenized U.S. Treasury Bills in First Issuance on XRP Ledger
Aug 1, 2024, 10:53 AM
Ripple is set to allocate $10 million to tokenized U.S. Treasury bills (T-bills) on the XRP Ledger, marking the first issuance of such tokens on the network. The initiative is in collaboration with OpenEden Labs, which will bring tokenized T-bills to the XRP Ledger. Ripple is also creating a fund to invest in tokenized T-bills. This move aims to integrate traditional financial instruments with blockchain technology, providing new investment opportunities for accredited and institutional investors. According to RWA_xyz, the total value of tokenized U.S. Treasury securities is currently estimated at $1.92 billion, with a 30-day compounded growth rate of 16%. OpenEden's TBILL tokens will be accessible via their app to qualified XRPL users using stablecoins, including the upcoming Ripple stablecoin.
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Under $100 million • 25%
$100 - $300 million • 25%
$300 - $500 million • 25%
Over $500 million • 25%
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No • 50%
Majority in North America • 33%
Majority in Europe • 33%
Majority in Asia • 33%
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PYUSD • 25%
Other • 25%
0-5 partnerships • 33%
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DAI • 25%
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