Franklin Templeton announced that users of the Benji Investments platform can now convert USDC to USD to invest in the Franklin OnChain U.S. Government Money Fund shares. Each fund share represents a 'BENJI token.' Digital asset manager Roger Bayston stated that this provides investors with a seamless way to access tokenized currency market funds, combining the price stability of stablecoins with profitability.

USDC

Odaily Planet Daily News Franklin Dampson announced today that users of the Benji Investments platform can convert USDC to USD to fund their investment in Franklin OnChain US Government Money Fund, with each fund share representing a 'BENJI token.' Franklin Dampson's digital asset manager, Roger Bayston, stated: 'By offering the option to purchase BENJI tokens using USDC, we provide investors with a seamless way to access our tokenized currency market fund, which is a registered fund offering the stability features of a stablecoin while generating returns.' (Businesswire)

Franklin Templeton launches USDC to USD service, supporting investment in tokenized currency market funds