Midas has launched mTBILL, a composable tokenized U.S. Treasury bond product based on the Algorand blockchain. The first atomic swap transaction was completed on Tuesday, involving an exchange of 2 million USDC for mTBILL tokens. The transaction was almost instantaneous and incurred very low fees. This product aims to tokenize real-world assets and enhance trading efficiency.

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<p><img>Real-world asset tokenization platform Midas has launched a tokenized U.S. Treasury bill product on the Algorand blockchain. The first atomic swap using the product, named mTBILL, on Algorand took place on Tuesday, with $2 million in USDC exchanged for mTBILL tokens. The transaction was executed almost instantly, with negligible fees ...</p>
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Midas launches mTBILL, a composable tokenized US Treasury product based on Algorand