Bitfinex Resumes USDt Tokenized Bonds on Liquid

Bitfinex Securities announced it will restart issuing USDt-denominated tokenized bonds for the Luxembourg-based ALTERNATIVE fund, with future sales projected to surpass $10 million. These bonds, issued and settled entirely on the Liquid Network, offer investors exposure to emerging-market private credit, including financing for SMEs and women-led enterprises. Previous issuances since 2023 totaled $6.2 million, with three already matured and repaid. Jesse Knutson, head of operations at Bitfinex, noted that buyers are primarily high-net-worth crypto investors and institutions in Europe and Asia looking for yield on their USDt holdings. This product is positioned as a regulated vehicle for earning yield on USDt balances amidst ongoing US regulatory debates concerning yield-bearing stablecoins, where legislation like the US GENIUS Act has barred issuers from paying yield directly, creating a 'loophole' for third-party securities.

(Source：Cointelegraph)