A new credit facility by Grove aims to allow instant redemptions into stablecoins from BlackRock's BUIDL and Janus Henderson's money market funds, reducing settlement time from days to instantaneous. Grove launched a liquidity network offering up to $1 billion in daily stablecoin liquidity for instant redemptions for BlackRock's and Janus Henderson's tokenized Treasury funds. The facility, dubbed Basin, aims to fix a key weakness in the $15 billion tokenized Treasury market…
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