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According to Cointelegraph, the German tokenization protocol Midas has launched its first tokenized US Treasury bond mTBILL on the Algorand blockchain, completing $2 million in native USDC on May 27th. This product is anchored to short-term US Treasury ETFs, with a current net return of 4.06% and no minimum investment threshold, making it more suitable for retail investors than the $5 million minimum investment threshold of BlackRock BUIDL Fund. The Algorand Foundation has announced that mTBILL will be integrated into its DeFi ecosystem in the coming weeks.