CryptoBriefing reported that oracle provider RedStone (RED) supports the same-day conversion of Centrifuge (CFG)'s tokenized corporate bond fund HYB into USDC. Previously, HYB redemptions typically took 3-5 business days, but by using RedStone Settle, a settlement layer, a KYC-verified market maker can immediately purchase HYB shares, pay USDC to the seller first, and then wait for the redemption to complete. Consequently, DeFi lending protocols that received HYB as collateral can also dispose of the collateral on the same day without waiting for the redemption to complete.
