Apollo launches mEVUSD, a tokenized product offering stable returns, targeting an annualized return of 7%–12%.

PANews reported on March 5th that, according to The Block, Apollo Crypto, Midas, and Everstake jointly launched the USDC-denominated tokenization strategy mEVUSD. This strategy aims to convert idle institutional stablecoins into yield assets through diversified lending and market-neutral basis trading on DeFi protocols such as Aave, Morpho, and Pendle, targeting an annualized return of approximately 7%–12%. Apollo is responsible for risk management and strategy allocation. The product is open to institutional investors in the EU and certain compliant jurisdictions, but not to investors in the US, UK, Canada, China, Australia, or sanctioned regions. Everstake will integrate its self-developed SDK into Midas' audited smart contracts, providing API access for wallets and custodians.