Lead · RWA Fundamentals
Both sides are actually earning the same batch of Treasury interest — the real question isn't whose rate is higher, it's whether you need low-cost exposure during traditional hours, or 24/7, onchain-composable exposure.
Nathan Ford
·
September 04, 2026
If your only goal is "park idle cash in a safe asset and earn interest," you currently have two paths: buy a traditional T-bill ETF like SGOV or BIL, or buy a Tokenized Treasury product like BUIDL or USDY. Both hold short-term US Treasuries underneath, theoretically earning the same batch of interest — but the fee structure, trading hours, capital thresholds, and actual risks you'd encounter...