# XUSG Excellar’s first offering will be XUSG, a token based on short-term US Treasury Bills, capturing the combined benefits of the ongoing attractive rate environment, deep liquidity, and stability of the underlying market.\ \ To track the performance and exposure of short-term US Treasury Bills, Excellar will invest in the Blackrock’s iShares Short Treasury Bond ETF (SHV), targeting US Treasuries that mature in less than one year. Advantages of using an ETF instead of individual issues are manyfold, including: * Diversification tends to minimize idiosyncratic risks and price dislocations associated with specific issues, such as basis risk surrounding Debt Ceiling flight-to-safety episodes. * ETFs generally have better liquidity and price transparency than the underlying bonds, especially during market stress as demonstrated by the 2020 Pandemic Crash. * ETF managers typically have better trade execution for the underlying bonds. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.excellar.finance/how-does-it-work/xusg.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.