May 21
The Payroll Platform That Became a Treasury Yield Distributor
The Payroll Platform That Became a Treasury Yield Distributor
➤ A global payroll company, Ontop, is now distributing yield from tokenized U.S. Treasury instruments to its remote workers through a partnership with OpenTrade. ➤ This innovation bypasses traditional financial institutions, allowing workers to earn approximately 3% APR on their USD balances via an API, effectively turning payroll platforms into yield distributors. ➤ The development signifies a maturing tokenized Treasury infrastructure, where companies with USD float can act as yield intermediaries, potentially reshaping how dollar savings earn returns outside the traditional banking system.
