The USTB token aims to offer an alternative to stablecoins for U.S. institutional investors – venture capital funds, hedge funds, digital asset firms – to park their on-chain cash and earn a yield, Robert Leshner, founder and CEO of Superstate, said in an interview with CoinDesk.
![Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins Superstate Debuts Tokenized Short-Term Treasury Fund on Ethereum to Compete for Zero-Yield Stablecoins](https://www.coindesk.com/resizer/YVpZz0c5dsVsuKcVZyhEkj3P54k=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XM5P4OFMTJD7TCL6K53WLUYXFM.png)