USDM1 has now been used as sovereign collateral in institutional repo - with Virtu Financial on Tradeweb under a GMRA.

For informational purposes only. This is not an offer to buy or sell any financial product. USDM1 is not registered under the US Securities Act. See disclosures: usdm1.com/disclosures

Principal derivatives dealer @stsdigital_io has announced it will accept USDM1 as collateral from eligible counterparties and pledge it across its own derivatives, structured products and financing relationships.

The next evolution of onchain, USD-denominated instruments isn't simply about making assets move faster. It's about making onchain collateral work harder. Bringing the economics of institutional collateral and netting onchain is a powerful place to start.