Tether made a strategic, undisclosed funding in Ledn, a bitcoin-backed lending platform that survived the 2022 crypto collapse. The funding is meant to develop entry to collateral-backed credit score utilizing crypto rails, supporting self-custody and monetary resilience for customers. The partnership is anticipated to end in smoother and extra environmentContinue Reading
JPMorgan will enable institutional purchasers to make use of Bitcoin and Ethereum as collateral for loans, alongside crypto-backed ETFs, representing a big coverage reversal. CEO Jamie Dimon beforehand referred to as Bitcoin a “pet rock” and advocated for presidency shutdown of crypto, however has not too long ago softened hisContinue Reading
Divine Research is offering unsecured loans, having issued over 30,000 short-term USDC loans since December, primarily to underserved global borrowers. Divine Research is using Worldcoin’s iris-scanning for fraud prevention and charges 20-30% interest. Despite a 40% default rate on initial loans, the platform aims to offset losses through interest andContinue Reading
