The stablecoin project Cap recently made a big move — including WisdomTree's government money market fund WTGXX in its own collateral asset Allowlist.

In simple terms, the Cap stablecoin network (CSN) is essentially an open collateral management platform specifically designed to provide collateral and yield services for the cUSD stablecoin. This system allows users' dollar deposits to be credited instantly, with security guaranteed.

This collaboration is a boon for users holding WTGXX—they can now directly deposit their fund shares into CSN and exchange them for corresponding stablecoin assets. It's like opening a fast track for traditional financial products to enter the DeFi world.