USDM1 has now been used as sovereign collateral in institutional repo - with Virtu Financial on Tradeweb under a GMRA.
For informational purposes only. This is not an offer to buy or sell any financial product. USDM1 is not registered under the US Securities Act. See disclosures: usdm1.com/disclosures
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Principal derivatives dealer @stsdigital_io has announced it will accept USDM1 as collateral from eligible counterparties and pledge it across its own derivatives, structured products and financing relationships.
The next evolution of onchain, USD-denominated instruments isn't simply about making assets move faster. It's about making onchain collateral work harder. Bringing the economics of institutional collateral and netting onchain is a powerful place to start.
For informational purposes only. This is not an offer to buy or sell any financial product. USDM1 is not registered under the US Securities Act. See disclosures: usdm1.com/disclosures