The USD Savings Token (USD-ST) is an investment vehicle designed to offer exposure to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) through buying OUSG that provides liquid exposure to short-term US Treasuries. It targets a net return equal to tier one USD Money market funds minus 0.25%.
Open to all customers of the issuing entity and Rainfin users.
This product is only offered globally.
Underlying Assets
BlackRock USD Institutional Digital Liquidity Fund (BUIDL)
USD-ST is backed by BlackRock USD Institutional Digital Liquidity Fund (BUIDL) through OUSG.
Transferability
Freely Transferable.
After depositing USDC funds a user will receive their USDx token in their wallet, the USDx token can be used to swap for the USD-ST Token. A user can deposit via:
Ethereum Network
The USD-ST token is immediately available to transfer once received.
Liquidity
On-Demand.
Token Issuer
Rainfin.
RainFin is a licensed financial services provider that creates innovative financial services and offerings including peer-to-peer trading and credit marketplaces as well as tokenised financial instruments.
Legal Structure
En Commandite Partnership.
USD-ST is a interest bearing token issued by RainFin Pty Ltd.
Use Cases
Purchasing Yield Tokens.
USD-ST is a high yield OUSG earning USD money market less 0.25%. USD-ST tokens can be swapped for other tokens on the platform.
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