Manta Foundation Allocates Treasury Stablecoin to RWA wUSDM

Bittime - The Manta Foundation has just announced that it will gradually allocate stablecoin assets in its treasury to Real World Asset (RWA) wUSDM assets, which are backed by BlackRock. 

Manta Allocates Stablecoin to RWA 

Manta Foundation has decided to allocate their treasury stablecoin assets to wUSDM, a yield-bearing stablecoin backed by BlackRock's BUILD Fund. 

These assets are managed by Securitize and deployed by Mountain Protocol at Manta Pacific. The Manta Foundation aims to improve the financial stability and security of the Manta Network ecosystem, which is growing rapidly.

The Importance of RWA in the Crypto Ecosystem

Real World Assets (RWA) such as wUSDM is becoming increasingly important in the crypto ecosystem as it provides necessary stability amidst the volatility of the crypto market. RWA is a real-world asset represented in digital form, which can be traded on a blockchain platform. In the case of wUSDM, this stablecoin provides yield and is backed by real assets managed by trusted entities such as BlackRock.

Benefits of Stablecoin Allocation to wUSDM

1. Financial Stability: By allocating stablecoin assets to wUSDM, Manta Foundation can ensure that their treasury assets remain stable and safe, even amidst extreme crypto market fluctuations.
2. Additional income: As a yield-bearing stablecoin, wUSDM provide additional income through interest earned on assets under management. This allows Manta Foundation to optimize the use of their treasury assets.
3. Trust and Security: Backed by BlackRock's BUILD Fund and managed by Securitize, wUSDM offers a high level of trust and security. This is important to ensure that allocated assets remain safe and secure.

Response of Manta Community

The Manta Network community welcomes this step as an effort to strengthen the ecosystem and increase financial stability. The decision to allocate treasury assets to wUSDM shows Manta Foundation's commitment to creating a safe and sustainable ecosystem.

This move could also have a positive impact on Manta prices. By increasing the stability and security of assets, investor confidence in Manta Network can increase, which can ultimately push the price of Manta to higher levels. 

In addition, additional income from wUSDM can be used to fund further development and other initiatives within the Manta Network ecosystem.

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) price and other cryptos to find out today's crypto market trends in real-time on Bittime.