“This RWA market with Morpho goals to offer these tokens utility,” Vogelsang stated in an interview. “When you maintain a Treasury invoice and also you want a little bit of USDC for a pair hours, or days, or no matter, you’ll be able to have that entry with out having to undergo the sophisticated technique of redeeming it, ready for the issuers to provide the {dollars} again and presumably pay charges. So, principally instantaneous liquidity with out having to truly redeem the underlying asset that you simply’re utilizing to borrow.”