WisdomTree’s USDW stablecoin to pay dividends on tokenized assets
USDW is part of WisdomTree’s stablecoin interoperability strategy and is intended to complement the company’s tokenized funds.
Global asset manager WisdomTree has entered the full-stack stablecoin space following the passage of the US GENIUS Act, aiming to strengthen digital dollar infrastructure for its onchain financial products.
WisdomTree’s US dollar-backed stablecoin, USDW, is a key component of its integrated strategy to serve both retail and institutional users, according to Will Peck, head of digital assets at WisdomTree.
USDW is issued by the WisdomTree Digital Trust Company, a New York-chartered trust, to facilitate the movement of digital dollars for payments and to support the firm’s tokenized investment products — most notably, its US money market fund, the Government Money Market Digital (WTGXX).