Exclusively backed by investments in the Fidelity Institutional Liquidity USD Fund, USD, and USDC/USDT.
OpenTrade’s USDC Money Market Fund Fidelity (V5) Vault generates yield, which is exclusively backed by the Fidelity Institutional Liquidity USD Fund, USD and USDC/USDT. Its objective is to provide lenders with the risk-free rate of return for USD. Loans are fully collateralised at all times by the eligible collateral. No securities lending or leverage is permitted.
Interest is benchmarked to the Daily Treasury Bill Rates published by the Federal Reserve Bank of New York.
Vault Name
USDC Money Market Fund Fidelity (V4) Vault
Token Symbol
XTBT
Protocol Version
5.0
Eligible Collateral
Fidelity Institutional Liquidity USD Fund, USD, USDC
Base Currency
USDC
Loan Term (number of days)
Open-ended
Interest Accrual
Interest begins accruing immediately and compounds daily.
Investments
Invest anytime, vault tokens minted immediately
Withdrawals
Request anytime; T+0 if made before the cut-off time of 18:00 GMT, up to a maximum of T+2.
Legal Structure
Leverages the same institutional grade legal framework, bankruptcy remote structure, and regulated service providers and counter-parties as our other OpenTrade Treasury Management & Yield Product.
Fidelity Institutional Liquidity USD Fund
AAA
99%
USDC
N/A
<1%
USD
N/A
<1%
Portfolio Manager
Five Sigma Finance
Asset Issuer(s)
Fidelity Institutional
Transfer Agent(s)
JP Morgan Transfer Agency
Stablecoin Custodian(s)
Circle, Coinbase Prime, Fireblocks, Sygnum
Cash Management and Transaction Bank(s)
Circle, JP Morgan Transfer Agency, Coinbase Prime, Sygnum, FV Bank
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