Today I saw that BUSD ( A stable coin i.e ) crypto whose value is pegged to USD. In their report they are saying that 96% is backed by cash and cash equivalent and 4% by US treasury Bills.
I researched a bit about US treasury bills and i saw that it is a kind of lending and it might have fixed interests. So riba might be included in it.
Could anyone provide a fatawa regarding this matter if the stablecoin is halal and if investing in US treasury bills halal?
links to info:
Report on the backing asset of stable coins: https://www.paxos.com/a-regulated-stablecoin-means-having-a-regulator/
treasury bills: https://www.cfajournal.org/treasury-bill/