Techub News reported that according to CoinDesk, the cryptocurrency exchange Woo X allows users to withdraw interest daily from its U.S. Treasury-backed yield vaults. These RWA vaults, built with the assistance of OpenTrade, previously operated for 7 or 28 days. The upgrade allows users to withdraw the interest earned on USDC stablecoins deposited in the vaults every day without a fixed term.

Woo X and OpenTrade claim that they are the first exchange to offer T-Bill interest products to retail customers. OpenTrade CEO Dave Sutter said that this product provides users with greater flexibility and security, which is more advantageous than traditional financial products.