[Apollo Launches Tokenized Stable Yield Product mEVUSD, Targeting 7%–12% Annualized Returns] According to The Block, Apollo Crypto, in collaboration with Midas and Everstake, has launched a USDC-denominated tokenized strategy called mEVUSD. The strategy aims to convert idle institutional stablecoins into yield-generating assets by engaging in diversified lending and market-neutral basis trading through DeFi protocols such as Aave, Morpho, and Pendle, with a target annualized return of approximately 7%–12%. Apollo is responsible for risk management and strategy allocation. The product is available to institutional investors in the EU and certain compliant jurisdictions, but it is not offered to investors in the United States, the United Kingdom, Canada, China, Australia, or sanctioned regions. Everstake will integrate its self-developed SDK into Midas' audited smart contracts, providing API access for wallets and custodial institutions.