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Crypto Asset Managers Chase Yield With New Investment Products

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By contrast, the new yield products generate their returns through “rational” rails, said Matt Hougan, chief investment officer for Bitwise, which is rolling out a “USD Income Fund” that loans investors’ dollars to counterparties like Coinbase and Gemini (who then loan them into the stablecoin market) in the chase for 4% to 8% yields.



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