Midas Disrupts DeFi With Yield-Bearing US Treasuries on Algorand
Wall Street’s favorite safe-haven asset just went crypto-native—and TradFi dinosaurs didn’t see it coming.
Midas launches Treasury-backed yield products on Algorand, letting DeFi degens park cash in government debt without the 20th-century paperwork. Finally, a ’risk-free’ rate that doesn’t require kissing your banker’s ring.
Who needs the Fed when you’ve got blockchain? The institutional-grade play could lure fresh capital into Algorand’s ecosystem—assuming crypto investors remember what ’yield’ means after years of vaporware APYs.