Bitfinex Adds Tokenized Treasury Exposure To Margin…
By Rick Steves
AI summary of the source article
Bitfinex Securities announced that holders of USTBL can now pledge the token as collateral for margin trading on Bitfinex. The token is subject to a 10% haircut, crediting a corresponding USDT balance to the user's Margin Wallet.
Why it matters
The text states that "the practical innovation is in combining a collateral function with an asset that tracks short-term Treasury exposure" and notes that "the new margin utility could make the instrument more attractive to users already trading on the wider Bitfinex platform."
Key facts
- USTBL holders can pledge the token as margin collateral on Bitfinex, subject to a 10% haircut.
- The process credits a corresponding USDT collateral balance to the user's Margin Wallet.
- USTBL provides exposure to short-term US government bonds through an exchange-traded fund rather than direct ownership of Treasury bills.
Source excerpt · FinanceFeeds
Bitfinex Securities says holders of USTBL can now pledge the token as collateral for margin trading on Bitfinex, subject to a 10% haircut that leaves up to 90% of the recognized value available to support positions. The company’s official USTBL product document describes the token’s exposure to short-term US government bonds through an exchange-traded fund, while the new arrangement credits a corr…