The latest trial explored multiple stablecoins and showed tokenized US Treasurys can be reused instantly across counterparties on shared infrastructure.
Digital Asset and a group of financial institutions have completed a second round of onchain US Treasury financing on the Canton Network, introducing real-time collateral reuse and expanding the number of stablecoins involved.
Five transactions were executed in the newest phase, building on the July pilot, which first demonstrated that US Treasurys and the USDC (USDC) stablecoin could be combined to finance and settle transactions on the blockchain.
In the latest trial, the companies used multiple stablecoins to finance positions against tokenized US Treasurys, widening the pool of onchain liquidity available for financing transactions.
