According to Odaily, Franklin Dumptom has announced that users of the Benji Investments platform can now convert their USDC to USD. This conversion will provide funds for their investment in Franklin OnChain's US government currency fund shares, with each fund share representing a 'BENJI token'.
Roger Bayston, the head of digital assets at Franklin Dumptom, stated that by providing an entry point for the purchase of BENJI tokens using USDC, they are offering investors a seamless method to access their tokenized currency market fund. This registered fund provides the price stability features of a stablecoin, while also generating returns.
This move by Franklin Dumptom is seen as a significant step in making digital asset investment more accessible and profitable for its users. The conversion of USDC to USD for investment in the US government currency fund shares is expected to provide a stable and profitable investment option for Benji Investments platform users.