Aave proposal to peg Ethena’s USDe to USDT sparks community pushback
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks. Go to Source
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Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans
Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% of the total held in crypto in the exchange, and liquidations will not be automatically executed, being examined on a case-by-case basis … Read more
FTX-Alameda casualty Maple Finance launches institutional lending
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout. Go to Source
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral. Go to Source Powered by WPeMatico
Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes. Go to Source Powered by WPeMatico
Weiss Ratings issues warning over crypto mortgage risks
Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans. Go to Source Powered by WPeMatico
Digital bank Anchorage offers Ethereum-backed loans to institutions
Institutional investors can get USD on credit without liquidating their ETH. Go to Source Powered by WPeMatico
Crypto-collateralized loans may soon bring new investors to space
“Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton. Go to Source Powered by WPeMatico
Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring on board margin trading, token listing, crypto games, money transfer, binary … Read more
Uphold Users Gain Access to Salt’s Crypto-Backed Loans
Uphold users have gained access to loans from Salt Lending using crypto holdings such as bitcoin cash (BCH) as collateral. The digital money platform has more than 1.5 million users globally and has powered over $5 billion in transactions. Also Read: Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines Uphold Partners With Salt Lending … Read more
