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The tokenized money market fund will launch on nearly half a dozen new blockchain networks.
The US Treasury is especially keen on distributed ledger technology for payments, settlement and clearing.
Franklin Templeton says this is the first tokenized money fund to launch on Coinbases layer-2 network.
Solayer says anyone can mint the yield-bearing sUSD token with at little as $5 in USDC.
The plans are not yet concrete, as Coinbase is awaiting regulatory clarity on securities tokenization.
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