RT Jupiter (🐱, 🐐) (@JupiterExchange)We're one step closer to launching the most advanced money market on Solana with @0xFluidToday, the Jupiter Lend Private Beta is live for those on the waitlist 🥳Public Launch (with incentives from 10+ partners) drops later this monthBut first, let's set expectations... 🧵 ...

Market Trends & Industry Dynamics - Goldman Sachs and Bank of New York Mellon are collaborating on a tokenized money product aimed at transforming the $7 trillion money market industry [1] - Stable coins are gaining traction, with Citigroup, Bank of America, and JP Morgan considering issuing their own [2] - The innovation aims to bring the $7.1 trillion money market industry to the blockchain, enhancing transferability [3] Investment Opportunities & Potential Risks - The tokenized money product seeks to offer a yield, attracting institutional players like hedge funds, pensions, and corporate treasurers [3] - Corporate treasurers may prefer tokenized money for its potential to earn a yield close to 3% to 4%, compared to holding cash at 0% [6] Product Features & Benefits - The tokenized money product aims to streamline cash management by enabling the exchange of tokens, potentially cutting steps in the process [7] - The underlying asset is well-trusted and has gained approximately $2 trillion in the last two to three years [6]

🚨UPDATE: GOLDMAN SACHS AND BNY MELLON COLLABORATES TO TRANSFORM $7.1T MONEY MARKET INDUSTRY WITH DIGITAL TOKEN ~ CNBC ...

A distortion in China’s money market has vanished after persisting throughout this year, a nascent sign that investors expect the latest stimulus efforts to reflate the economy https://t.co/jPUAOp0eq6 ...

Overnight borrowing by Hong Kong banks jumped to the highest in almost five months, a sign that a series of interventions may be having a desired effect on the money market https://t.co/g51GXdLnIY ...