According to TheBlock, Jeremy Ng, the former head of the Asia-Pacific region of the encryption exchange Gemini, and OpenEden, a subsidiary of Eugene Ng, the former head of Asia-Pacific business development, launched a tokenized treasury bill (T-Bill) treasury product, and holders of USDC stablecoins cast "TBILL" tokens. currency and earn income from U.S. Treasury bills. Among them, OpenEden will invest most of its assets directly in off-chain short-term US treasury bills, and a small part of USDC will stay on the chain to ensure instant withdrawal.