Stable Sea-WisdomTree Partnership Strengthens ONDO
Tech Stable Sea-WisdomTree Partnership Strengthens ONDO Stable Sea‘s corporate customers can now earn yield by transferring idle business cash to WisdomTree’s tokenized money market funds. The company, with the WisdomTree partnership announced on Wednesday, is expanding its role in stablecoin management by providing companies access to yield-bearing capital market products like the WTGXX fund. This way, users can sweep their stablecoin balances into onchain products to earn high interest from savings accounts, and instantly convert to stablecoin when liquidity is needed. Unique Aspects of the Stable Sea-WisdomTree Integration WisdomTree Head of Digital Assets Will Peck states that this integration is unique in directly connecting their flagship funds to a third-party payments and treasury platform. Peck says they aim to be the default choice for “idle money” in the onchain space. Demand for fixed-yield onchain funds exploded after the GENIUS Act was passed into law last summer; this propelled the tokenization sector to 15.07 billion dollars. Technical Features of the WTGXX Fund and APY Comparison WisdomTree Government Money Market Digital Fund (WTGXX) invests primarily in US government bonds, maintaining a fixed NAV of $1 per share while offering a 7-day APY of %3,5. It provides continuous dividend accrual compared to the sector average of %3,05. Assets under