Everstake and Midas announced the launch of mEVUSD, a USDC-denominated tokenized investment strategy developed with Apollo Crypto. The product is designed for institutional clients in the European Union and selected jurisdictions and aims to provide regulated access to onchain yield.
Everstake, global non-custodial staking and yield infrastructure provider, supplies the technology layer for the strategy. Midas, platform for on-chain tokenized investment products, provides the issuance environment and regulatory framework. Apollo Crypto, digital asset investment firm specializing in DeFi strategies, manages the portfolio and oversees risk.
mEVUSD converts idle stablecoin balances into a structured yield strategy. The system integrates Everstake’s software tools with audited smart contracts from Midas, allowing wallets and custodians to access the strategy through a simple API. Apollo Crypto manages positions across major DeFi protocols, including Aave, Morpho and Pendle, focusing on over-collateralized lending and basis trading.
The product is available only to institutional clients and excludes users from the United States, United Kingdom, Canada, China, Australia, Iran and other sanctioned jurisdictions.
Image: Freepik
