Plume and Bybit have partnered to launch an institutional fixed-income vault, with PIMCO and CMB International Asset Management also making it available to users.

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According to Foresight News , RWA's open finance platform Plume has partnered with Bybit to launch an institutional-grade fixed-income vault. Bybit's more than 80 million users can now directly deposit idle stablecoins into their existing accounts into institutional-grade fixed-income products backed by PIMCO (managing $2.27 trillion) and CMBI, covering mortgage-backed securities, high-yield corporate bonds, and Asia-Pacific investment-grade bonds. The returns are completely decoupled from crypto price volatility. It is currently estimated that up to $80 billion in stablecoins are sitting idle with zero yield on centralized exchanges.

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