PANews reported on May 30 that according to Cointelegraph, German tokenization protocol Midas launched the first tokenized U.S. Treasury mTBILL on the Algorand blockchain, and completed the native USDC of $2 million on May 27. The product is anchored to the short-term U.S. Treasury ETF, with a current net yield of 4.06%, and no minimum investment threshold, which is more suitable for retail investors than the $5 million starting investment threshold of BlackRock's BUIDL fund. The Algorand Foundation said that mTBILL will be connected to its DeFi ecosystem in the coming weeks.