Fixed-income investments, often favored by conservative investors for their focus on cash flow and capital preservation, play a crucial role in treasury management and risk mitigation for institutional investors such as banks, pension funds, and insurance companies. These investments include treasury bills, municipal and corporate bonds, and fixed-income ETFs, offering lower volatility risk compared to stocks. Circle Yield, a fixed-income product linked to USD Coin (USDC), aims to provide higher returns than conventional options like Treasury notes, though it is currently not accepting new loans as of November 17, 2022. The product is designed for institutional accredited investors seeking short-term, high-interest opportunities without directly holding crypto assets and is subject to business approval, geographical availability, and regulatory authorization. Despite potential risks such as default, interest rate, inflation, and liquidity risks, fixed-income investments remain a key component of diversified portfolios, offering a safety net against underperforming growth-focused investments.