- The new tokenized assets provide commendable income along with the stability of the Bitcoin network.
Tokenized US Treasury bonds have been introduced by cryptocurrency company Hamilton on layer-2 blockchains for Bitcoin. According to the company, this is the first launch of its kind.
Hamilton U.S. will be supported by the Bitcoin layer-2 solutions, Stacks, Core, and BoB (Build on Bitcoin). T-Bills (HUST). A statement stated that the first transaction using HUST happened on July 4.
The BTC network’s stability and higher yield than stablecoin
According to the company, using Bitcoin layer-2 decentralized financial ecosystems combines the dependability of the US dollar with the stability of the Bitcoin network. The functionality and scalability of the network are improved by Bitcoin layer-2s.
About the Hamilton executive, only Kasstawi was known. Mohamed Elkasstawi is an investor in the blockchain area.
Layer-2 Bitcoins take off while Layer-1 slows down
Real-world assets (RWAs) that have been tokenized, such as T-Bills, real estate, securities, and comparable financial instruments, can be leveraged, traded, and transferred within the Web3 economy.They now have a total value locked of $8 billion.
Due to their significantly lower risk, T-Bills are now competitively yielding stablecoins according to the U.S. Federal Reserve’s interest rate policy.
The Bitcoin network has used three different token specifications since 2023. Ordinals were established at the beginning of that year to permit the issue of non-fungible tokens inscribed on satoshis, in addition to the fact that Bitcoin BTC tickers down $54,246. Runes was released in April 2024 to facilitate the direct issuance of altcoins on the Bitcoin blockchain.
The development of the Bitcoin layer-2 has been fueled by the rising traffic on the network, which results in slower processing times and higher fees. The Lightning Network for Bitcoin was created to handle Bitcoin transfers more quickly than layer-1.
Additionally, layer-2s enable the implementation of BTCfi, or smart-contract reliant decentralized finance, on the Bitcoin network.
HUST presenter central Apart from its BTC layer-2 solution, DAO also runs a layer-1 blockchain. Bitget and MEXC, two cryptocurrency exchanges, have supported it.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
